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What does SONA stand for?

SONA stands for Statement of Net Assets

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Military and Government
  • Business, finance, etc.

See other definitions of SONA

Other Resources:
We have 8 other meanings of SONA in our Acronym Attic

Samples in periodicals archive:

Although the Company will no longer be filing current and periodic reports with the SEC, the Company intends to post periodically on its website a statement of net assets and a statement of changes in net assets and to post from time to time information about any material developments with respect to significant transactions for disposing of the Company's remaining assets, any significant developments in claims, litigation, investigations and any other future events that could materially impact the timing or amount of liquidating distributions, if any, to be made to the Company's stockholders of record as of the effectiveness of the Filing.
Given that fact, the GASB concluded that an appropriate term to describe the new net amount would be net position: Less: Assets + deferred outflows Liabilities + deferred inflows/Net position Accordingly, any statement of financial position prepared using the economic resources measurement focus and the accrual basis of accounting will henceforth replace the term net assets with net position, as follows: Government-wide statement of net assets [?
If the Company terminates its obligation to and ceases filing periodic and current reports with the SEC, the Company intends to post periodically on the Company's website a statement of net assets and a statement of changes in net assets and to post from time to time information about any material developments with respect to any significant transactions for disposing of the Company's remaining assets, any significant developments in claims, litigation, investigations and any other future events occurring that could materially impact the timing or amount of liquidating distributions, if any, to be made to the Company's stockholders of record as of the effectiveness of the Filing.
The liability that appears on the statement of net assets is not the entire unfunded actuarial accrued liability (UAAL)--the overall liability, after subtracting out any money already set aside to prefund the benefits--but the cumulative expense charges from prior years that have not been satisfied by the contributions the employer made in prior years.
GASB 34 requires consolidated government-wide statements with a single statement of net assets and a single statement of activities.
Exhibit 3 CPA Report On Net Assets To Be Sold Under A Sales Contract Board of Directors ABC Power Company We have audited the accompanying statement of net assets sold of XYZ Company as of June 30, 19x1.