Cryptocurrency Q&A
What does DAC mean in stock market?
What does DAC mean in stock market?
Lorenzo
Thu Nov 07 2024
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6 answers
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I'm trying to understand the meaning of DAC in the context of the stock market. Could someone explain what DAC stands for and how it's relevant in this domain?
6 answers
KatanaSwordsmanshipSkill
Sat Nov 09 2024
The Financial Accounting Standards Board (FASB) mandates that companies adhere to specific guidelines regarding the amortization of DAC.
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SilenceSolitude
Sat Nov 09 2024
Deferred acquisition costs (DAC) are recognized as an integral part of an organization's assets in its financial statements.
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SumoHonorable
Sat Nov 09 2024
According to the FASB, DAC balances must be amortized on a consistent and predictable basis.
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DaeguDivaDance
Sat Nov 09 2024
This means that the amortization should occur evenly over the anticipated lifespan of the insurance contracts.
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JejuJoy
Sat Nov 09 2024
These costs are primarily linked to the acquisition of insurance contracts and are capitalized rather than expensed immediately.
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