The Financial Accounting Standards Board staff issued a proposed position Tuesday, dubbed Proposed FSP FAS 140-b, outlining its concerns over whether 12b-1 fees are a sellable asset, or a future flow, bringing into question whether sold fee collection rights are treated as sold assets or deferred income. To view the FASB staff Position, click here:  FASB 12b-1 Fee Position.

For complete story on FASB staff position, see 8/23/04 ASR.

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