Hasbro 2006 Annual Report Download - page 48

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In September 2006, the FASB issued Statement of Financial Accounting Standards No. 157, “Fair Value
Measurements”, (“SFAS No. 157”) which defines fair value, establishes a framework for measuring fair value
in generally accepted accounting principles and expands disclosures about fair value measurements.
SFAS No. 157 is applicable for the Company as of December 31, 2007, the first day of fiscal 2008. The
Company is currently evaluating SFAS No. 157 and the potential effect it will have on its consolidated balance
sheet and results of operations.
In February 2007, the FASB issued Statement of Financial Accounting Standards No. 159, “The Fair
Value Option for Financial Assets and Financial Liabilities” (“SFAS No. 159”). SFAS No. 159 permits entities
to choose to measure many financial instruments and certain other items at fair value and establishes
presentation and disclosure requirements designed to facilitate comparisons between entities that choose
different measurement attributes for similar types of assets and liabilities. SFAS No. 159 is effective for the
Company beginning January 1, 2008. The Company has not yet determined the impact, if any, from the
adoption of SFAS No. 159.
The Company is not aware of any material amounts of potential exposure relating to environmental
matters and does not believe its environmental compliance costs or liabilities to be material to its operating
results or financial position.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
The information required by this item is included in Item 7 of Part II of this Report and is incorporated
herein by reference.
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