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RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
6 Months Ended
Jun. 30, 2018
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS  
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

NOTE 6 – RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

 

Leases - In February 2016, the Financial Accounting Standards Board (“FASB”) issued a standard related to leases to increase transparency and comparability among organizations by requiring the recognition of right-of-use assets and lease liabilities on the balance sheet. The standard will be effective for the Cooperative beginning January 1, 2019. The Cooperative anticipates that the standard will not have a significant impact on its financial statements.