Recording consolidating adjustments
53-02 § 2 (19A.28.020)) (1) A title insurance certificate updated not more than 30 days prior to recording of the adjustment, which includes all parcels within the adjustment, must be submitted to the Department with boundary line adjustment final review documents.The document must contain a land surveyor’s certificate and a recording certificate.
Both the parent company and the subsidiary must record it.(4) The final map page shall contain the following approval blocks: (a) The King County Department of Assessments to be signed by the County Office of Records and Elections; and (b) The Community Development Department, to be signed by the Director or his/her designee. 53-02 § 2 (19A.28.030)) Prior to proceeding through the boundary line adjustment process, an applicant shall schedule a preapplication meeting.At that time the Department will perform a conceptual review based upon the information brought in by the applicant, two weeks prior to the meeting. 53-02 § 2 (19A.28.040)) Verification that an approved boundary line adjustments has been recorded with the County Office of Records and Elections must be submitted to the City prior to issuance of any permit, or within one year of approval, whichever occurs first. There may be amalgamations, either by transfer of two or more undertakings to a new company, or to the transfer of one or more companies to an existing company".Consolidation is the practice, in business, of legally combining two or more organizations into a single new one.The original standard issued by FASB in 1981 (now Topic 830 in the Accounting Standards Codification) states that if the foreign operation is in control of its operations and financing, then the functional currency would be the local currency of the branch. This analysis leads to the conclusion that either dollars or pounds could be used as the functional currency.
Also, this is a matter of fact and should be based on the currency where the majority of the cash is received and expended. Here the company chose pounds as the functional currency because it is the local currency.
Procedures and limitations of the boundary line adjustment process. (3) Final record-of-survey document must be prepared by a land surveyor in accordance with Chapter 332-130 WAC and Chapter 58.09 RCW.
Review and approval procedures shall be in accordance with applicable Washington State and City of Covington laws, rules and regulations, including permit processing procedures required by Chapters 14.30 through 14.45 CMC, and shall be subject to fees as set forth in the current fee resolution. Factors which indicate that the boundary line adjustment process is being used in a manner inconsistent with statutory intent include: numerous and frequent adjustments to the existing lot boundary, a proposal to move a lot or building site to a different location, and a large number of lots being proposed for a boundary line adjustment; (4) The elimination of lines between two or more lots for the purpose of creating a single lot that meets requirements as a building site shall in all cases be considered a minor adjustment of boundary lines and shall not be subject to the subdivision and short subdivision provisions of this title; (5) Recognized lots in an approved site plan for a conditional use permit, special use permit, urban planned development, or commercial site development permit shall be considered a single site and no lot lines on the site may be altered by a boundary line adjustment to transfer density or separate lots to another property not included in the original site plan of the subject development; (6) Lots that have been subject to a boundary line adjustment process that resulted in the qualification of an additional building site shall not be permitted to utilize the boundary line adjustment process again for five years to create an additional building site. Lot lines within lots under the same ownership will be adjusted upon the recording of the boundary line adjustment.
Translation can be straightforward for many entities, but it can be complex if multiple countries are involved.
When multiple currencies are involved, one key element is to determine the functional currency of the operation being consolidated. In this case, the total receipts and expenditures of cash provide no clear determination on functional currency, as the total transaction value in U. dollars and British pounds is the same while business done in euros is less.
The taxation term of consolidation refers to the treatment of a group of companies and other entities as one entity for tax purposes.