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90034, 90035, 90036,
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90055, 90056, 90057,
90058, 90059, 90060,
90061, 90062, 90063,
90064, 90065, 90066,
90067, 90068, 90069,
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90025, 90026, 90027,
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90055, 90056, 90057,
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90070, 90071, 90072,
90073, 90074, 90075,
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91335,, Probate
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Summary of Statement No. 141
Business Combinations (Issued 6/01)
Summary
This Statement addresses financial accounting and reporting for business combinations and
supersedes APB Opinion No. 16, Business Combinations, and FASB Statement No. 38, Accounting
for Preacquisition Contingencies of Purchased Enterprises. All business combinations in the scope
of this Statement are to be accounted for using one method, the purchase method.
Reasons for Issuing This Statement
Under Opinion 16, business combinations were accounted for using one of two methods, the
pooling-of-interests method (pooling method) or the purchase method. Use of the pooling method
was required whenever 12 criteria were met; otherwise, the purchase method was to be used.
Because those 12 criteria did not distinguish economically dissimilar transactions, similar business
combinations were accounted for using different methods that produced dramatically different
financial statement results. Consequently:
Analysts and other users of financial statements indicated that it was difficult to compare the
financial results of entities because different methods of accounting for business combinations were
used.
Users of financial statements also indicated a need for better information about intangible assets
because those assets are an increasingly important economic resource for many entities and are
an increasing proportion of the assets acquired in many business combinations. While the
purchase method recognizes all intangible assets acquired in a business combination (either
separately or as goodwill), only those intangible assets previously recorded by the acquired entity
are recognized when the pooling method is used.
Company managements indicated that the differences between the pooling and purchase methods
of accounting for business combinations affected competition in markets for mergers and
acquisitions.
Differences between This Statement and Opinion 16
The provisions of this Statement reflect a fundamentally different approach to accounting for
business combinations than was taken in Opinion 16. The single-method approach used in this
Statement reflects the conclusion that virtually all business combinations are acquisitions and, thus,
all business combinations should be accounted for in the same way that other asset acquisitions
are accounted for-based on the values exchanged.
This Statement changes the accounting for business combinations in Opinion 16 in the following
significant respects:
This Statement requires that all business combinations be accounted for by a single method—the
purchase method.
In contrast to Opinion 16, which required separate recognition of intangible assets that can be
identified and named, this Statement requires that they be recognized as assets apart from goodwill
if they meet one of two criteria—the contractual-legal criterion or the separability criterion. To assist
in identifying acquired intangible assets, this Statement also provides an illustrative list of intangible
assets that meet either of those criteria.
In addition to the disclosure requirements in Opinion 16, this Statement requires disclosure of the
primary reasons for a business combination and the allocation of the purchase price paid to the
assets acquired and liabilities assumed by major balance sheet caption. When the amounts of
goodwill and intangible assets acquired are significant in relation to the purchase price paid,
disclosure of other information about those assets is required, such as the amount of goodwill by
reportable segment and the amount of the purchase price assigned to each major intangible asset
class.
This Statement does not change many of the provisions of Opinion 16 and Statement 38 related to
the application of the purchase method. For example, this Statement does not fundamentally
change the guidance for determining the cost of an acquired entity and allocating that cost to the
assets acquired and liabilities assumed, the accounting for contingent consideration, and the
accounting for preacquisition contingencies. That guidance is carried forward in this Statement (but
was not reconsidered by the Board). Also, this Statement does not change the requirement to write
off certain research and development assets acquired in a business combination as required by
FASB Interpretation No. 4, Applicability of FASB Statement No. 2 to Business Combinations
Accounted for by the Purchase Method.
How the Changes in This Statement Improve Financial Reporting
The changes to accounting for business combinations required by this Statement improve financial
reporting because the financial statements of entities that engage in business combinations will
better reflect the underlying economics of those transactions. In particular, application of this
Statement will result in financial statements that:
Better reflect the investment made in an acquired entity—the purchase method records a business
combination based on the values exchanged, thus users are provided information about the total
purchase price paid to acquire another entity, which allows for more meaningful evaluation of the
subsequent performance of that investment. Similar information is not provided when the pooling
method is used.
Improve the comparability of reported financial information—all business combinations are
accounted for using a single method, thus, users are able to compare the financial results of
entities that engage in business combinations on an apples-to-apples basis. That is because the
assets acquired and liabilities assumed in all business combinations are recognized and measured
in the same way regardless of the nature of the consideration exchanged for them.
Provide more complete financial information—the explicit criteria for recognition of intangible assets
apart from goodwill and the expanded disclosure requirements of this Statement provide more
information about the assets acquired and liabilities assumed in business combinations. That
additional information should, among other things, provide users with a better understanding of the
resources acquired and improve their ability to assess future profitability and cash flows.
Requiring one method of accounting reduces the costs of accounting for business combinations.
For example, it eliminates the costs incurred by entities in positioning themselves to meet the
criteria for using the pooling method, such as the monetary and nonmonetary costs of taking
actions they might not otherwise have taken or refraining from actions they might otherwise have
taken.
How the Conclusions in This Statement Relate to the Conceptual Framework
The Board concluded that because virtually all business combinations are acquisitions, requiring
one method of accounting for economically similar transactions is consistent with the concepts of
representational faithfulness and comparability as discussed in FASB Concepts Statement No. 2,
Qualitative Characteristics of Accounting Information. In developing this Statement, the Board also
concluded that goodwill should be recognized as an asset because it meets the assets definition in
FASB Concepts Statement No. 6, Elements of Financial Statements, and the asset recognition
criteria in FASB Concepts Statement No. 5, Recognition and Measurement in Financial Statements
of Business Enterprises.
The Board also noted that FASB Concepts Statement No. 1, Objectives of Financial Reporting by
Business Enterprises, states that financial reporting should provide information that helps in
assessing the amounts, timing, and uncertainty of prospective net cash inflows to an entity. The
Board noted that because the purchase method records the net assets acquired in a business
combination at their fair values, the information provided by that method is more useful in assessing
the cash-generating abilities of the net assets acquired than the information provided by the
pooling method.
Some of the Board's constituents indicated that the pooling method should be retained for public
policy reasons. For example, some argued that eliminating the pooling method would impede
consolidation of certain industries, reduce the amount of capital flowing into certain industries, and
slow the development of new technology. Concepts Statement 2 states that a necessary and
important characteristic of accounting information is neutrality. In the context of business
combinations, neutrality means that the accounting standards should neither encourage nor
discourage business combinations but rather, provide information about those combinations that is
fair and evenhanded. The Board concluded that its public policy goal is to issue accounting
standards that result in neutral and representationally faithful financial information and that
eliminating the pooling method is consistent with that goal.
The Effective Date of This Statement
The provisions of this Statement apply to all business combinations initiated after June 30, 2001.
This Statement also applies to all business combinations accounted for using the purchase method
for which the date of acquisition is July 1, 2001, or later.
This Statement does not apply, however, to combinations of two or more not-for-profit
organizations, the acquisition of a for-profit business entity by a not-for-profit organization, and
combinations of two or more mutual enterprises.
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Summary of Statement No. 142
Goodwill and Other Intangible Assets (Issued 6/01)
Summary
This Statement addresses financial accounting and reporting for acquired goodwill and other
intangible assets and supersedes APB Opinion No. 17, Intangible Assets. It addresses how
intangible assets that are acquired individually or with a group of other assets (but not those
acquired in a business combination) should be accounted for in financial statements upon their
acquisition. This Statement also addresses how goodwill and other intangible assets should be
accounted for after they have been initially recognized in the financial statements.
Reasons for Issuing This Statement
Analysts and other users of financial statements, as well as company managements, noted that
intangible assets are an increasingly important economic resource for many entities and are an
increasing proportion of the assets acquired in many transactions. As a result, better information
about intangible assets was needed. Financial statement users also indicated that they did not
regard goodwill amortization expense as being useful information in analyzing investments.
Differences between This Statement and Opinion 17
This Statement changes the unit of account for goodwill and takes a very different approach to how
goodwill and other intangible assets are accounted for subsequent to their initial recognition.
Because goodwill and some intangible assets will no longer be amortized, the reported amounts of
goodwill and intangible assets (as well as total assets) will not decrease at the same time and in the
same manner as under previous standards. There may be more volatility in reported income than
under previous standards because impairment losses are likely to occur irregularly and in varying
amounts.
This Statement changes the subsequent accounting for goodwill and other intangible assets in the
following significant respects:
Acquiring entities usually integrate acquired entities into their operations, and thus the acquirers'
expectations of benefits from the resulting synergies usually are reflected in the premium that they
pay to acquire those entities. However, the transaction-based approach to accounting for goodwill
under Opinion 17 treated the acquired entity as if it remained a stand-alone entity rather than being
integrated with the acquiring entity; as a result, the portion of the premium related to expected
synergies (goodwill) was not accounted for appropriately. This Statement adopts a more aggregate
view of goodwill and bases the accounting for goodwill on the units of the combined entity into which
an acquired entity is integrated (those units are referred to as reporting units).
Opinion 17 presumed that goodwill and all other intangible assets were wasting assets (that is, finite
lived), and thus the amounts assigned to them should be amortized in determining net income;
Opinion 17 also mandated an arbitrary ceiling of 40 years for that amortization. This Statement
does not presume that those assets are wasting assets. Instead, goodwill and intangible assets that
have indefinite useful lives will not be amortized but rather will be tested at least annually for
impairment. Intangible assets that have finite useful lives will continue to be amortized over their
useful lives, but without the constraint of an arbitrary ceiling.
Previous standards provided little guidance about how to determine and measure goodwill
impairment; as a result, the accounting for goodwill impairments was not consistent and not
comparable and yielded information of questionable usefulness. This Statement provides specific
guidance for testing goodwill for impairment. Goodwill will be tested for impairment at least annually
using a two-step process that begins with an estimation of the fair value of a reporting unit. The first
step is a screen for potential impairment, and the second step measures the amount of impairment,
if any. However, if certain criteria are met, the requirement to test goodwill for impairment annually
can be satisfied without a remeasurement of the fair value of a reporting unit.
In addition, this Statement provides specific guidance on testing intangible assets that will not be
amortized for impairment and thus removes those intangible assets from the scope of other
impairment guidance. Intangible assets that are not amortized will be tested for impairment at least
annually by comparing the fair values of those assets with their recorded amounts.
This Statement requires disclosure of information about goodwill and other intangible assets in the
years subsequent to their acquisition that was not previously required. Required disclosures
include information about the changes in the carrying amount of goodwill from period to period (in
the aggregate and by reportable segment), the carrying amount of intangible assets by major
intangible asset class for those assets subject to amortization and for those not subject to
amortization, and the estimated intangible asset amortization expense for the next five years.
This Statement carries forward without reconsideration the provisions of Opinion 17 related to the
accounting for internally developed intangible assets. This Statement also does not change the
requirement to expense the cost of certain acquired research and development assets at the date
of acquisition as required by FASB Statement No. 2, Accounting for Research and Development
Costs, and FASB Interpretation No. 4, Applicability of FASB Statement No. 2 to Business
Combinations Accounted for by the Purchase Method.
How the Changes in This Statement Improve Financial Reporting
The changes included in this Statement will improve financial reporting because the financial
statements of entities that acquire goodwill and other intangible assets will better reflect the
underlying economics of those assets. As a result, financial statement users will be better able to
understand the investments made in those assets and the subsequent performance of those
investments. The enhanced disclosures about goodwill and intangible assets subsequent to their
acquisition also will provide users with a better understanding of the expectations about and
changes in those assets over time, thereby improving their ability to assess future profitability and
cash flows.
How the Conclusions in This Statement Relate to the Conceptual Framework
The Board concluded that amortization of goodwill was not consistent with the concept of
representational faithfulness, as discussed in FASB Concepts Statement No. 2, Qualitative
Characteristics of Accounting Information. The Board concluded that nonamortization of goodwill
coupled with impairment testing is consistent with that concept. The appropriate balance of both
relevance and reliability and costs and benefits also was central to the Board's conclusion that this
Statement will improve financial reporting.
This Statement utilizes the guidance in FASB Concepts Statement No. 7, Using Cash Flow
Information and Present Value in Accounting Measurements, for estimating the fair values used in
testing both goodwill and other intangible assets that are not being amortized for impairment.
The Effective Date of This Statement
The provisions of this Statement are required to be applied starting with fiscal years beginning after
December 15, 2001. Early application is permitted for entities with fiscal years beginning after
March 15, 2001, provided that the first interim financial statements have not previously been
issued. This Statement is required to be applied at the beginning of an entity's fiscal year and to be
applied to all goodwill and other intangible assets recognized in its financial statements at that date.
Impairment losses for goodwill and indefinite-lived intangible assets that arise due to the initial
application of this Statement (resulting from a transitional impairment test) are to be reported as
resulting from a change in accounting principle.
There are two exceptions to the date at which this Statement becomes effective:
Goodwill and intangible assets acquired after June 30, 2001, will be subject immediately to the
nonamortization and amortization provisions of this Statement.
The provisions of this Statement will not be applicable to goodwill and other intangible assets
arising from combinations between mutual enterprises or to not-for-profit organizations until the
Board completes its deliberations with respect to application of the purchase method by those
entities.
Los Angeles, Residential and Commercial Appraisal Coverage Areas: 90001, 90002, 90003, 90004, 90005,
90006, 90007, 90008, 90009, 90010, 90011, 90012, 90013, 90014, 90015, 90016, 90017, 90018, 90019, 90020,
90021, 90022, 90023, 90024, 90025, 90026, 90027, 90028, 90029, 90030, 90031, 90032, 90033, 90034, 90035,
90036, 90037, 90038, 90039, 90040, 90041, 90042, 90043, 90044, 90045, 90046, 90047, 90048, 90049, 90050,
90051, 90052, 90053, 90054, 90055, 90056, 90057, 90058, 90059, 90060, 90061, 90062, 90063, 90064, 90065,
90066, 90067, 90068, 90069, 90070, 90071, 90072, 90073, 90074, 90075, 90076, 90077, 90078, 90079, 90080,
90081, 90082, 90083, 90084, 90086, 90087, 90088, 90089, 90091, 90093, 90094, 90095, 90096, 90097, 90099,
90101, 90102, 90103, 90174, 90185, 90189, 91331, 91335
Los Angeles County, Residential Appraiser, Real Estate Appraiser, and Commercial Appraisal / Appraiser,
commercial appraisal la Coverage Areas: 93510, , Probate Appraiser, Date of Death Appraiser,
commercial appraisal southern california, Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers 90071
Arleta 91331
Artesia 90680
Athens 90044
Atwater Village 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights 90033
Bradbury 91010
Brentwood 90049
Burbank 91501 - 91502 / 91506 / 91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson) 90747
Cal State Long Beach (Long Beach) 90840
Cal State Northridge 91330
Cal Tech (Pasadena) 91125 - 91126
Calabasas 91302/91372
Canoga Park 91303 - 91304
Canyon Country (Santa Clarita) 91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills) 90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare 90272
Century City 90067
Cerritos 90701
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
City Terrace 90063
Civic Center 90012
Claremont 91711
Commerce, 90040
Compton 90220 - 90222
Country Club Park 90019
Covina 91722 - 91724
Crenshaw 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State (Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90022
East Los Angeles 90023
East Rancho Dominguez 90221
Echo Park 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno 90032
Elizabeth Lake 93532
Encino91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills 91344
Griffith Park 90027
Hacienda Heights (La Puente) 91745
Hancock Park (City of LA) 90004 / 90020
Harbor City 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park 90043
Industry, City of 91744 / 91746 / 91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park ) 90018
Juniper Hills 93543
Koreatown 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights) 91745
La Puente (Rowland Heights) 91748
La Verne 91750
Ladera Heights 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA) 91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area 90045
Leimert Par 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813 - 90815, 90822
Long Beach (Cal State Long Beach) 90840
Long Beach (McDonnell Douglas) 90846
Long Beach (North Long Beach) 90805
Long Beach (World Trade Ctr) 90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights) 90056
Lake View Terrace) 91342
(LAX Area) 90045
(Leimert Park) 90008
(Los Feliz) 90027
(Mar Vista) 90066
Mid City) 90019
(Mission Hills) 91345
(Montecito Heights) 90031
(Mount Olympus) 90046
(Mt. Washington) 90065
(North Hills) 91343
North Hollywood) 91601 - 91602 / 91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
(Palms) 90034
Panorama City) 91402
(Park La Brea) 90036
(Pico Heights) 90006
Playa del Rey) 90293
(Porter Ranch) 91326
(Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
(Sawtelle) 90022
(Shadow Hills) 91040
Sherman Oaks) 91403 / 91423
(Silverlake) 90026
(South Central) 90001 / 90003 /90007 / 90011 / 90037 / 90047 / 90061 - 90062
(Studio City) 91604
Sun Valley) 91352
(Sunland) 91040
(Sylmar) 91342
(Tarzana) 91356
(Terminal Island) 90731
(Toluca Lake) 91602
(Tujunga) 91042
(USC) 90089
(Valley Village) 91607
Van Nuys) 91401- 91403 / 91405 - 91406 / 91411 / 91423
(Venice) 90291
(Watts) 90002/90059
(West Adams) 90016
(West Beverly) 90048
(West Fairfax) 90035
West Hills) 91307
(West Los Angeles) 90025
(Westchester) 90045
(Westlake) 90057
Westwood) 90024
Wilmington) 90744
(Wilshire Blvd) 90010
(Winnetka) 91306
(Woodland Hills) 91364 / 91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long Beach) 90846
Mid City 90019
Mission Hills A) 91345
Monrovia 91016
Montebello 90640
Montecito Heights 90031
Monterey Hill90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus 90046
Mount Wilson 91023
Mt. Washington 90065
Newhall (Santa Clarita) 91321
North Hills 91343
North Hollywood91601 - 91602 / 91604 - 91607
North Long Beach (Long Beach) 90805
Northridge 91324 - 91325
Northridge, Cal State Univ. 91330
Norwalk 90650
Oak Park 91301
Pacific Highlands 90272
Pacific Palisades90272
Pacoima 91331
Palmdale 93550 - 93552 / 93591
Palms 90034
Palos Verdes Estates 90274
Panorama City 91402
Paramount 90723
Park La Brea 90036
Pasadena 91101 / 91103 - 91107
Pasadena (Cal Tech) 91125 - 91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights 90006
Pico Rivera 90660
Playa del Rey 90293
Playa Vista 90094
Pomona 91766-91768
Porter Ranch 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 / 90717 / 90732
Rancho Park 90064
Redondo Beach 90277 - 90278
Reseda 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente) 91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (0731 - 90733
Santa Clarita (Canyon Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia) 91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle 90025
Shadow Hills91040
Sherman Oaks 91403 / 9 1423
Sierra Madre 91024
Signal Hill 90755
Silverlake90026
South Central (90001 / 90003 / 90007 / 90011 / 90037 / 90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City 91604
Sun Valley 91352
Sunland 91040
Sylmar 91342
Tarzana 91356
Temple City 91780
Terminal Island 90731
Toluca Lake 91602
Topanga 90290
Torrance 90501-90506 / 90277 - 90278
Tropico (Glendale) 91204 - 91205
Tujunga ( 91042
Universal City 91608
USC 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita) 91354 - 91355
Valinda 91744
Valley Village () 91607
Valyermo 93563
Van Nuys ( 91401 - 91403 / 91405 - 91406 / 91411 / 91423
Venice 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts 90002 /90059
West Adams 90016
West Beverly (90048
West Covina 91790-91793
West Fairfax 90035
West Hills 91307
West Hollywood 90069
West Los Angeles 90025
Westchester 90045
Westlake 90057
Westlake Village 91361 - 91362
Westwood 90024
Whittier 90601 - 90605
Whittier (Whittier College) 90608
Whittier College (Whittier) 90608
Willowbrook 90059 / 90222
Wilmington ) 90744
Wilshire Blvd 90010
Windsor Hills 90043
WinnetkaA) 91306
Woodbury Univ. (Burbank) 91510
Woodland Hills 91364 / 91367
World Trade Center (Long Beach) 90831 - 90832
Please call for Orange County, Ventura County, Riverside County, San Bernardino, County
Coverage Areas, Real Estate Appraiser Orange Riverside Ventura San Bernardino Counties,
Summary of Statement No. 157
Fair Value Measurements
Summary
This Statement defines fair value, establishes a framework for measuring fair value in generally
accepted accounting principles (GAAP), and expands disclosures about fair value measurements.
This Statement applies under other accounting pronouncements that require or permit fair value
measurements, the Board having previously concluded in those accounting pronouncements that
fair value is the relevant measurement attribute. Accordingly, this Statement does not require any
new fair value measurements. However, for some entities, the application of this Statement will
change current practice.
Reason for Issuing This Statement
Prior to this Statement, there were different definitions of fair value and limited guidance for
applying those definitions in GAAP. Moreover, that guidance was dispersed among the many
accounting pronouncements that require fair value measurements. Differences in that guidance
created inconsistencies that added to the complexity in applying GAAP. In developing this
Statement, the Board considered the need for increased consistency and comparability in fair value
measurements and for expanded disclosures about fair value measurements.
Differences between This Statement and Current Practice
The changes to current practice resulting from the application of this Statement relate to the
definition of fair value, the methods used to measure fair value, and the expanded disclosures
about fair value measurements.
The definition of fair value retains the exchange price notion in earlier definitions of fair value. This
Statement clarifies that the exchange price is the price in an orderly transaction between market
participants to sell the asset or transfer the liability in the market in which the reporting entity would
transact for the asset or liability, that is, the principal or most advantageous market for the asset or
liability. The transaction to sell the asset or transfer the liability is a hypothetical transaction at the
measurement date, considered from the perspective of a market participant that holds the asset or
owes the liability. Therefore, the definition focuses on the price that would be received to sell the
asset or paid to transfer the liability (an exit price), not the price that would be paid to acquire the
asset or received to assume the liability (an entry price).
This Statement emphasizes that fair value is a market-based measurement, not an entity-specific
measurement. Therefore, a fair value measurement should be determined based on the
assumptions that market participants would use in pricing the asset or liability. As a basis for
considering market participant assumptions in fair value measurements, this Statement establishes
a fair value hierarchy that distinguishes between (1) market participant assumptions developed
based on market data obtained from sources independent of the reporting entity (observable
inputs) and (2) the reporting entity’s own assumptions about market participant assumptions
developed based on the best information available in the circumstances (unobservable inputs). The
notion of unobservable inputs is intended to allow for situations in which there is little, if any, market
activity for the asset or liability at the measurement date. In those situations, the reporting entity
need not undertake all possible efforts to obtain information about market participant assumptions.
However, the reporting entity must not ignore information about market participant assumptions that
is reasonably available without undue cost and effort.
This Statement clarifies that market participant assumptions include assumptions about risk, for
example, the risk inherent in a particular valuation technique used to measure fair value (such as a
pricing model) and/or the risk inherent in the inputs to the valuation technique. A fair value
measurement should include an adjustment for risk if market participants would include one in
pricing the related asset or liability, even if the adjustment is difficult to determine. Therefore, a
measurement (for example, a “mark-to-model” measurement) that does not include an adjustment
for risk would not represent a fair value measurement if market participants would include one in
pricing the related asset or liability.
This Statement clarifies that market participant assumptions also include assumptions about the
effect of a restriction on the sale or use of an asset. A fair value measurement for a restricted asset
should consider the effect of the restriction if market participants would consider the effect of the
restriction in pricing the asset. That guidance applies for stock with restrictions on sale that
terminate within one year that is measured at fair value under FASB Statements No. 115,
Accounting for Certain Investments in Debt and Equity Securities, and No. 124, Accounting for
Certain Investments Held by Not-for-Profit Organizations.
This Statement clarifies that a fair value measurement for a liability reflects its nonperformance risk
(the risk that the obligation will not be fulfilled). Because nonperformance risk includes the reporting
entity’s credit risk, the reporting entity should consider the effect of its credit risk (credit standing)
on the fair value of the liability in all periods in which the liability is measured at fair value under
other accounting pronouncements, including FASB Statement No. 133, Accounting for Derivative
Instruments and Hedging Activities.
This Statement affirms the requirement of other FASB Statements that the fair value of a position in
a financial instrument (including a block) that trades in an active market should be measured as the
product of the quoted price for the individual instrument times the quantity held (within Level 1 of
the fair value hierarchy). The quoted price should not be adjusted because of the size of the
position relative to trading volume (blockage factor). This Statement extends that requirement to
broker-dealers and investment companies within the scope of the AICPA Audit and Accounting
Guides for those industries.
This Statement expands disclosures about the use of fair value to measure assets and liabilities in
interim and annual periods subsequent to initial recognition. The disclosures focus on the inputs
used to measure fair value and for recurring fair value measurements using significant
unobservable inputs (within Level 3 of the fair value hierarchy), the effect of the measurements on
earnings (or changes in net assets) for the period. This Statement encourages entities to combine
the fair value information disclosed under this Statement with the fair value information disclosed
under other accounting pronouncements, including FASB Statement No. 107, Disclosures about
Fair Value of Financial Instruments, where practicable.
The guidance in this Statement applies for derivatives and other financial instruments measured at
fair value under Statement 133 at initial recognition and in all subsequent periods. Therefore, this
Statement nullifies the guidance in footnote 3 of EITF Issue No. 02-3, “Issues Involved in
Accounting for Derivative Contracts Held for Trading Purposes and Contracts Involved in Energy
Trading and Risk Management Activities.” This Statement also amends Statement 133 to remove
the similar guidance to that in Issue 02-3, which was added by FASB Statement No. 155,
Accounting for Certain Hybrid Financial Instruments.
How the Conclusions in This Statement Relate to the FASB’s Conceptual Framework
The framework for measuring fair value considers the concepts in FASB Concepts Statement No. 2,
Qualitative Characteristics of Accounting Information. Concepts Statement 2 emphasizes that
providing comparable information enables users of financial statements to identify similarities in and
differences between two sets of economic events.
The definition of fair value considers the concepts relating to assets and liabilities in FASB
Concepts Statement No. 6, Elements of Financial Statements, in the context of market participants.
A fair value measurement reflects current market participant assumptions about the future inflows
associated with an asset (future economic benefits) and the future outflows associated with a
liability (future sacrifices of economic benefits).
This Statement incorporates aspects of the guidance in FASB Concepts Statement No. 7, Using
Cash Flow Information and Present Value in Accounting Measurements, as clarified and/or
reconsidered in this Statement. This Statement does not revise Concepts Statement 7. The Board
will consider the need to revise Concepts Statement 7 in its conceptual framework project.
The expanded disclosures about the use of fair value to measure assets and liabilities should
provide users of financial statements (present and potential investors, creditors, and others) with
information that is useful in making investment, credit, and similar decisions—the first objective of
financial reporting in FASB Concepts Statement No. 1, Objectives of Financial Reporting by
Business Enterprises.
How the Changes in This Statement Improve Financial Reporting
A single definition of fair value, together with a framework for measuring fair value, should result in
increased consistency and comparability in fair value measurements.
The expanded disclosures about the use of fair value to measure assets and liabilities should
provide users of financial statements with better information about the extent to which fair value is
used to measure recognized assets and liabilities, the inputs used to develop the measurements,
and the effect of certain of the measurements on earnings (or changes in net assets) for the period.
The amendments made by this Statement advance the Board’s initiatives to simplify and codify the
accounting literature, eliminating differences that have added to the complexity in GAAP.
Costs and Benefits of Applying This Statement
The framework for measuring fair value builds on current practice and requirements. However,
some entities will need to make systems and other changes to comply with the requirements of this
Statement. Some entities also might incur incremental costs in applying the requirements of this
Statement. However, the benefits from increased consistency and comparability in fair value
measurements and expanded disclosures about those measurements should be ongoing.
The Effective Date of This Statement
This Statement is effective for financial statements issued for fiscal years beginning after November
15, 2007, and interim periods within those fiscal years. Earlier application is encouraged, provided
that the reporting entity has not yet issued financial statements for that fiscal year, including
financial statements for an interim period within that fiscal year.
The provisions of this Statement should be applied prospectively as of the beginning of the fiscal
year in which this Statement is initially applied, except as follows. The provisions of this Statement
should be applied retrospectively to the following financial instruments as of the beginning of the
fiscal year in which this Statement is initially applied (a limited form of retrospective application):
A position in a financial instrument that trades in an active market held by a broker-dealer or
investment company within the scope of the AICPA Audit and Accounting Guides for those
industries that was measured at fair value using a blockage factor prior to initial application of this
Statement
A financial instrument that was measured at fair value at initial recognition under Statement 133
using the transaction price in accordance with the guidance in footnote 3 of Issue 02-3 prior to
initial application of this Statement
A hybrid financial instrument that was measured at fair value at initial recognition under Statement
133 using the transaction price in accordance with the guidance in Statement 133 (added by
Statement 155) prior to initial application of this Statement.
The transition adjustment, measured as the difference between the carrying amounts and the fair
values of those financial instruments at the date this Statement is initially applied, should be
recognized as a cumulative-effect adjustment to the opening balance of retained earnings (or other
appropriate components of equity or net assets in the statement of financial position) for the fiscal
year in which this Statement is initially applied.
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Association Membership: Membership in an appraisal organization: A State Certified
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federally related transaction by virtue of membership or lack of membership in any
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apparently an attempt by the Appraisal Institute and their members to hide the Truth from
the public. Please report any broken or misdirected links to cochise@justice.com
Summary of Statement No. 141
Business Combinations (Issued 6/01)
Summary
This Statement addresses financial accounting and reporting for business combinations and
supersedes APB Opinion No. 16, Business Combinations, and FASB Statement No. 38, Accounting
for Preacquisition Contingencies of Purchased Enterprises. All business combinations in the scope
of this Statement are to be accounted for using one method, the purchase method.
Reasons for Issuing This Statement
Under Opinion 16, business combinations were accounted for using one of two methods, the
pooling-of-interests method (pooling method) or the purchase method. Use of the pooling method
was required whenever 12 criteria were met; otherwise, the purchase method was to be used.
Because those 12 criteria did not distinguish economically dissimilar transactions, similar business
combinations were accounted for using different methods that produced dramatically different
financial statement results. Consequently:
Analysts and other users of financial statements indicated that it was difficult to compare the
financial results of entities because different methods of accounting for business combinations were
used.
Users of financial statements also indicated a need for better information about intangible assets
because those assets are an increasingly important economic resource for many entities and are
an increasing proportion of the assets acquired in many business combinations. While the
purchase method recognizes all intangible assets acquired in a business combination (either
separately or as goodwill), only those intangible assets previously recorded by the acquired entity
are recognized when the pooling method is used.
Company managements indicated that the differences between the pooling and purchase methods
of accounting for business combinations affected competition in markets for mergers and
acquisitions.
Differences between This Statement and Opinion 16
The provisions of this Statement reflect a fundamentally different approach to accounting for
business combinations than was taken in Opinion 16. The single-method approach used in this
Statement reflects the conclusion that virtually all business combinations are acquisitions and, thus,
all business combinations should be accounted for in the same way that other asset acquisitions
are accounted for-based on the values exchanged.
This Statement changes the accounting for business combinations in Opinion 16 in the following
significant respects:
This Statement requires that all business combinations be accounted for by a single method—the
purchase method.
In contrast to Opinion 16, which required separate recognition of intangible assets that can be
identified and named, this Statement requires that they be recognized as assets apart from goodwill
if they meet one of two criteria—the contractual-legal criterion or the separability criterion. To assist
in identifying acquired intangible assets, this Statement also provides an illustrative list of intangible
assets that meet either of those criteria.
In addition to the disclosure requirements in Opinion 16, this Statement requires disclosure of the
primary reasons for a business combination and the allocation of the purchase price paid to the
assets acquired and liabilities assumed by major balance sheet caption. When the amounts of
goodwill and intangible assets acquired are significant in relation to the purchase price paid,
disclosure of other information about those assets is required, such as the amount of goodwill by
reportable segment and the amount of the purchase price assigned to each major intangible asset
class.
This Statement does not change many of the provisions of Opinion 16 and Statement 38 related to
the application of the purchase method. For example, this Statement does not fundamentally
change the guidance for determining the cost of an acquired entity and allocating that cost to the
assets acquired and liabilities assumed, the accounting for contingent consideration, and the
accounting for preacquisition contingencies. That guidance is carried forward in this Statement (but
was not reconsidered by the Board). Also, this Statement does not change the requirement to write
off certain research and development assets acquired in a business combination as required by
FASB Interpretation No. 4, Applicability of FASB Statement No. 2 to Business Combinations
Accounted for by the Purchase Method.
How the Changes in This Statement Improve Financial Reporting
The changes to accounting for business combinations required by this Statement improve financial
reporting because the financial statements of entities that engage in business combinations will
better reflect the underlying economics of those transactions. In particular, application of this
Statement will result in financial statements that:
Better reflect the investment made in an acquired entity—the purchase method records a business
combination based on the values exchanged, thus users are provided information about the total
purchase price paid to acquire another entity, which allows for more meaningful evaluation of the
subsequent performance of that investment. Similar information is not provided when the pooling
method is used.
Improve the comparability of reported financial information—all business combinations are
accounted for using a single method, thus, users are able to compare the financial results of
entities that engage in business combinations on an apples-to-apples basis. That is because the
assets acquired and liabilities assumed in all business combinations are recognized and measured
in the same way regardless of the nature of the consideration exchanged for them.
Provide more complete financial information—the explicit criteria for recognition of intangible assets
apart from goodwill and the expanded disclosure requirements of this Statement provide more
information about the assets acquired and liabilities assumed in business combinations. That
additional information should, among other things, provide users with a better understanding of the
resources acquired and improve their ability to assess future profitability and cash flows.
Requiring one method of accounting reduces the costs of accounting for business combinations.
For example, it eliminates the costs incurred by entities in positioning themselves to meet the
criteria for using the pooling method, such as the monetary and nonmonetary costs of taking
actions they might not otherwise have taken or refraining from actions they might otherwise have
taken.
How the Conclusions in This Statement Relate to the Conceptual Framework
The Board concluded that because virtually all business combinations are acquisitions, requiring
one method of accounting for economically similar transactions is consistent with the concepts of
representational faithfulness and comparability as discussed in FASB Concepts Statement No. 2,
Qualitative Characteristics of Accounting Information. In developing this Statement, the Board also
concluded that goodwill should be recognized as an asset because it meets the assets definition in
FASB Concepts Statement No. 6, Elements of Financial Statements, and the asset recognition
criteria in FASB Concepts Statement No. 5, Recognition and Measurement in Financial Statements
of Business Enterprises.
The Board also noted that FASB Concepts Statement No. 1, Objectives of Financial Reporting by
Business Enterprises, states that financial reporting should provide information that helps in
assessing the amounts, timing, and uncertainty of prospective net cash inflows to an entity. The
Board noted that because the purchase method records the net assets acquired in a business
combination at their fair values, the information provided by that method is more useful in assessing
the cash-generating abilities of the net assets acquired than the information provided by the
pooling method.
Some of the Board's constituents indicated that the pooling method should be retained for public
policy reasons. For example, some argued that eliminating the pooling method would impede
consolidation of certain industries, reduce the amount of capital flowing into certain industries, and
slow the development of new technology. Concepts Statement 2 states that a necessary and
important characteristic of accounting information is neutrality. In the context of business
combinations, neutrality means that the accounting standards should neither encourage nor
discourage business combinations but rather, provide information about those combinations that is
fair and evenhanded. The Board concluded that its public policy goal is to issue accounting
standards that result in neutral and representationally faithful financial information and that
eliminating the pooling method is consistent with that goal.
The Effective Date of This Statement
The provisions of this Statement apply to all business combinations initiated after June 30, 2001.
This Statement also applies to all business combinations accounted for using the purchase method
for which the date of acquisition is July 1, 2001, or later.
This Statement does not apply, however, to combinations of two or more not-for-profit
organizations, the acquisition of a for-profit business entity by a not-for-profit organization, and
combinations of two or more mutual enterprises.
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Summary of Statement No. 142
Goodwill and Other Intangible Assets (Issued 6/01)
Summary
This Statement addresses financial accounting and reporting for acquired goodwill and other
intangible assets and supersedes APB Opinion No. 17, Intangible Assets. It addresses how
intangible assets that are acquired individually or with a group of other assets (but not those
acquired in a business combination) should be accounted for in financial statements upon their
acquisition. This Statement also addresses how goodwill and other intangible assets should be
accounted for after they have been initially recognized in the financial statements.
Reasons for Issuing This Statement
Analysts and other users of financial statements, as well as company managements, noted that
intangible assets are an increasingly important economic resource for many entities and are an
increasing proportion of the assets acquired in many transactions. As a result, better information
about intangible assets was needed. Financial statement users also indicated that they did not
regard goodwill amortization expense as being useful information in analyzing investments.
Differences between This Statement and Opinion 17
This Statement changes the unit of account for goodwill and takes a very different approach to how
goodwill and other intangible assets are accounted for subsequent to their initial recognition.
Because goodwill and some intangible assets will no longer be amortized, the reported amounts of
goodwill and intangible assets (as well as total assets) will not decrease at the same time and in the
same manner as under previous standards. There may be more volatility in reported income than
under previous standards because impairment losses are likely to occur irregularly and in varying
amounts.
This Statement changes the subsequent accounting for goodwill and other intangible assets in the
following significant respects:
Acquiring entities usually integrate acquired entities into their operations, and thus the acquirers'
expectations of benefits from the resulting synergies usually are reflected in the premium that they
pay to acquire those entities. However, the transaction-based approach to accounting for goodwill
under Opinion 17 treated the acquired entity as if it remained a stand-alone entity rather than being
integrated with the acquiring entity; as a result, the portion of the premium related to expected
synergies (goodwill) was not accounted for appropriately. This Statement adopts a more aggregate
view of goodwill and bases the accounting for goodwill on the units of the combined entity into which
an acquired entity is integrated (those units are referred to as reporting units).
Opinion 17 presumed that goodwill and all other intangible assets were wasting assets (that is, finite
lived), and thus the amounts assigned to them should be amortized in determining net income;
Opinion 17 also mandated an arbitrary ceiling of 40 years for that amortization. This Statement
does not presume that those assets are wasting assets. Instead, goodwill and intangible assets that
have indefinite useful lives will not be amortized but rather will be tested at least annually for
impairment. Intangible assets that have finite useful lives will continue to be amortized over their
useful lives, but without the constraint of an arbitrary ceiling.
Previous standards provided little guidance about how to determine and measure goodwill
impairment; as a result, the accounting for goodwill impairments was not consistent and not
comparable and yielded information of questionable usefulness. This Statement provides specific
guidance for testing goodwill for impairment. Goodwill will be tested for impairment at least annually
using a two-step process that begins with an estimation of the fair value of a reporting unit. The first
step is a screen for potential impairment, and the second step measures the amount of impairment,
if any. However, if certain criteria are met, the requirement to test goodwill for impairment annually
can be satisfied without a remeasurement of the fair value of a reporting unit.
In addition, this Statement provides specific guidance on testing intangible assets that will not be
amortized for impairment and thus removes those intangible assets from the scope of other
impairment guidance. Intangible assets that are not amortized will be tested for impairment at least
annually by comparing the fair values of those assets with their recorded amounts.
This Statement requires disclosure of information about goodwill and other intangible assets in the
years subsequent to their acquisition that was not previously required. Required disclosures
include information about the changes in the carrying amount of goodwill from period to period (in
the aggregate and by reportable segment), the carrying amount of intangible assets by major
intangible asset class for those assets subject to amortization and for those not subject to
amortization, and the estimated intangible asset amortization expense for the next five years.
This Statement carries forward without reconsideration the provisions of Opinion 17 related to the
accounting for internally developed intangible assets. This Statement also does not change the
requirement to expense the cost of certain acquired research and development assets at the date
of acquisition as required by FASB Statement No. 2, Accounting for Research and Development
Costs, and FASB Interpretation No. 4, Applicability of FASB Statement No. 2 to Business
Combinations Accounted for by the Purchase Method.
How the Changes in This Statement Improve Financial Reporting
The changes included in this Statement will improve financial reporting because the financial
statements of entities that acquire goodwill and other intangible assets will better reflect the
underlying economics of those assets. As a result, financial statement users will be better able to
understand the investments made in those assets and the subsequent performance of those
investments. The enhanced disclosures about goodwill and intangible assets subsequent to their
acquisition also will provide users with a better understanding of the expectations about and
changes in those assets over time, thereby improving their ability to assess future profitability and
cash flows.
How the Conclusions in This Statement Relate to the Conceptual Framework
The Board concluded that amortization of goodwill was not consistent with the concept of
representational faithfulness, as discussed in FASB Concepts Statement No. 2, Qualitative
Characteristics of Accounting Information. The Board concluded that nonamortization of goodwill
coupled with impairment testing is consistent with that concept. The appropriate balance of both
relevance and reliability and costs and benefits also was central to the Board's conclusion that this
Statement will improve financial reporting.
This Statement utilizes the guidance in FASB Concepts Statement No. 7, Using Cash Flow
Information and Present Value in Accounting Measurements, for estimating the fair values used in
testing both goodwill and other intangible assets that are not being amortized for impairment.
The Effective Date of This Statement
The provisions of this Statement are required to be applied starting with fiscal years beginning after
December 15, 2001. Early application is permitted for entities with fiscal years beginning after
March 15, 2001, provided that the first interim financial statements have not previously been
issued. This Statement is required to be applied at the beginning of an entity's fiscal year and to be
applied to all goodwill and other intangible assets recognized in its financial statements at that date.
Impairment losses for goodwill and indefinite-lived intangible assets that arise due to the initial
application of this Statement (resulting from a transitional impairment test) are to be reported as
resulting from a change in accounting principle.
There are two exceptions to the date at which this Statement becomes effective:
Goodwill and intangible assets acquired after June 30, 2001, will be subject immediately to the
nonamortization and amortization provisions of this Statement.
The provisions of this Statement will not be applicable to goodwill and other intangible assets
arising from combinations between mutual enterprises or to not-for-profit organizations until the
Board completes its deliberations with respect to application of the purchase method by those
entities.
Los Angeles, Residential and Commercial Appraisal Coverage Areas: 90001, 90002, 90003, 90004, 90005,
90006, 90007, 90008, 90009, 90010, 90011, 90012, 90013, 90014, 90015, 90016, 90017, 90018, 90019, 90020,
90021, 90022, 90023, 90024, 90025, 90026, 90027, 90028, 90029, 90030, 90031, 90032, 90033, 90034, 90035,
90036, 90037, 90038, 90039, 90040, 90041, 90042, 90043, 90044, 90045, 90046, 90047, 90048, 90049, 90050,
90051, 90052, 90053, 90054, 90055, 90056, 90057, 90058, 90059, 90060, 90061, 90062, 90063, 90064, 90065,
90066, 90067, 90068, 90069, 90070, 90071, 90072, 90073, 90074, 90075, 90076, 90077, 90078, 90079, 90080,
90081, 90082, 90083, 90084, 90086, 90087, 90088, 90089, 90091, 90093, 90094, 90095, 90096, 90097, 90099,
90101, 90102, 90103, 90174, 90185, 90189, 91331, 91335
Los Angeles County, Residential Appraiser, Real Estate Appraiser, and Commercial Appraisal / Appraiser,
commercial appraisal la Coverage Areas: 93510, , Probate Appraiser, Date of Death Appraiser,
commercial appraisal southern california, Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers 90071
Arleta 91331
Artesia 90680
Athens 90044
Atwater Village 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights 90033
Bradbury 91010
Brentwood 90049
Burbank 91501 - 91502 / 91506 / 91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson) 90747
Cal State Long Beach (Long Beach) 90840
Cal State Northridge 91330
Cal Tech (Pasadena) 91125 - 91126
Calabasas 91302/91372
Canoga Park 91303 - 91304
Canyon Country (Santa Clarita) 91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills) 90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare 90272
Century City 90067
Cerritos 90701
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
City Terrace 90063
Civic Center 90012
Claremont 91711
Commerce, 90040
Compton 90220 - 90222
Country Club Park 90019
Covina 91722 - 91724
Crenshaw 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State (Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90022
East Los Angeles 90023
East Rancho Dominguez 90221
Echo Park 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno 90032
Elizabeth Lake 93532
Encino91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills 91344
Griffith Park 90027
Hacienda Heights (La Puente) 91745
Hancock Park (City of LA) 90004 / 90020
Harbor City 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park 90043
Industry, City of 91744 / 91746 / 91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park ) 90018
Juniper Hills 93543
Koreatown 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights) 91745
La Puente (Rowland Heights) 91748
La Verne 91750
Ladera Heights 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA) 91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area 90045
Leimert Par 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813 - 90815, 90822
Long Beach (Cal State Long Beach) 90840
Long Beach (McDonnell Douglas) 90846
Long Beach (North Long Beach) 90805
Long Beach (World Trade Ctr) 90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights) 90056
Lake View Terrace) 91342
(LAX Area) 90045
(Leimert Park) 90008
(Los Feliz) 90027
(Mar Vista) 90066
Mid City) 90019
(Mission Hills) 91345
(Montecito Heights) 90031
(Mount Olympus) 90046
(Mt. Washington) 90065
(North Hills) 91343
North Hollywood) 91601 - 91602 / 91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
(Palms) 90034
Panorama City) 91402
(Park La Brea) 90036
(Pico Heights) 90006
Playa del Rey) 90293
(Porter Ranch) 91326
(Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
(Sawtelle) 90022
(Shadow Hills) 91040
Sherman Oaks) 91403 / 91423
(Silverlake) 90026
(South Central) 90001 / 90003 /90007 / 90011 / 90037 / 90047 / 90061 - 90062
(Studio City) 91604
Sun Valley) 91352
(Sunland) 91040
(Sylmar) 91342
(Tarzana) 91356
(Terminal Island) 90731
(Toluca Lake) 91602
(Tujunga) 91042
(USC) 90089
(Valley Village) 91607
Van Nuys) 91401- 91403 / 91405 - 91406 / 91411 / 91423
(Venice) 90291
(Watts) 90002/90059
(West Adams) 90016
(West Beverly) 90048
(West Fairfax) 90035
West Hills) 91307
(West Los Angeles) 90025
(Westchester) 90045
(Westlake) 90057
Westwood) 90024
Wilmington) 90744
(Wilshire Blvd) 90010
(Winnetka) 91306
(Woodland Hills) 91364 / 91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long Beach) 90846
Mid City 90019
Mission Hills A) 91345
Monrovia 91016
Montebello 90640
Montecito Heights 90031
Monterey Hill90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus 90046
Mount Wilson 91023
Mt. Washington 90065
Newhall (Santa Clarita) 91321
North Hills 91343
North Hollywood91601 - 91602 / 91604 - 91607
North Long Beach (Long Beach) 90805
Northridge 91324 - 91325
Northridge, Cal State Univ. 91330
Norwalk 90650
Oak Park 91301
Pacific Highlands 90272
Pacific Palisades90272
Pacoima 91331
Palmdale 93550 - 93552 / 93591
Palms 90034
Palos Verdes Estates 90274
Panorama City 91402
Paramount 90723
Park La Brea 90036
Pasadena 91101 / 91103 - 91107
Pasadena (Cal Tech) 91125 - 91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights 90006
Pico Rivera 90660
Playa del Rey 90293
Playa Vista 90094
Pomona 91766-91768
Porter Ranch 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 / 90717 / 90732
Rancho Park 90064
Redondo Beach 90277 - 90278
Reseda 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente) 91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (0731 - 90733
Santa Clarita (Canyon Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia) 91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle 90025
Shadow Hills91040
Sherman Oaks 91403 / 9 1423
Sierra Madre 91024
Signal Hill 90755
Silverlake90026
South Central (90001 / 90003 / 90007 / 90011 / 90037 / 90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City 91604
Sun Valley 91352
Sunland 91040
Sylmar 91342
Tarzana 91356
Temple City 91780
Terminal Island 90731
Toluca Lake 91602
Topanga 90290
Torrance 90501-90506 / 90277 - 90278
Tropico (Glendale) 91204 - 91205
Tujunga ( 91042
Universal City 91608
USC 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita) 91354 - 91355
Valinda 91744
Valley Village () 91607
Valyermo 93563
Van Nuys ( 91401 - 91403 / 91405 - 91406 / 91411 / 91423
Venice 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts 90002 /90059
West Adams 90016
West Beverly (90048
West Covina 91790-91793
West Fairfax 90035
West Hills 91307
West Hollywood 90069
West Los Angeles 90025
Westchester 90045
Westlake 90057
Westlake Village 91361 - 91362
Westwood 90024
Whittier 90601 - 90605
Whittier (Whittier College) 90608
Whittier College (Whittier) 90608
Willowbrook 90059 / 90222
Wilmington ) 90744
Wilshire Blvd 90010
Windsor Hills 90043
WinnetkaA) 91306
Woodbury Univ. (Burbank) 91510
Woodland Hills 91364 / 91367
World Trade Center (Long Beach) 90831 - 90832
Please call for Orange County, Ventura County, Riverside County, San Bernardino, County
Coverage Areas, Real Estate Appraiser Orange Riverside Ventura San Bernardino Counties,
Summary of Statement No. 157
Fair Value Measurements
Summary
This Statement defines fair value, establishes a framework for measuring fair value in generally
accepted accounting principles (GAAP), and expands disclosures about fair value measurements.
This Statement applies under other accounting pronouncements that require or permit fair value
measurements, the Board having previously concluded in those accounting pronouncements that
fair value is the relevant measurement attribute. Accordingly, this Statement does not require any
new fair value measurements. However, for some entities, the application of this Statement will
change current practice.
Reason for Issuing This Statement
Prior to this Statement, there were different definitions of fair value and limited guidance for
applying those definitions in GAAP. Moreover, that guidance was dispersed among the many
accounting pronouncements that require fair value measurements. Differences in that guidance
created inconsistencies that added to the complexity in applying GAAP. In developing this
Statement, the Board considered the need for increased consistency and comparability in fair value
measurements and for expanded disclosures about fair value measurements.
Differences between This Statement and Current Practice
The changes to current practice resulting from the application of this Statement relate to the
definition of fair value, the methods used to measure fair value, and the expanded disclosures
about fair value measurements.
The definition of fair value retains the exchange price notion in earlier definitions of fair value. This
Statement clarifies that the exchange price is the price in an orderly transaction between market
participants to sell the asset or transfer the liability in the market in which the reporting entity would
transact for the asset or liability, that is, the principal or most advantageous market for the asset or
liability. The transaction to sell the asset or transfer the liability is a hypothetical transaction at the
measurement date, considered from the perspective of a market participant that holds the asset or
owes the liability. Therefore, the definition focuses on the price that would be received to sell the
asset or paid to transfer the liability (an exit price), not the price that would be paid to acquire the
asset or received to assume the liability (an entry price).
This Statement emphasizes that fair value is a market-based measurement, not an entity-specific
measurement. Therefore, a fair value measurement should be determined based on the
assumptions that market participants would use in pricing the asset or liability. As a basis for
considering market participant assumptions in fair value measurements, this Statement establishes
a fair value hierarchy that distinguishes between (1) market participant assumptions developed
based on market data obtained from sources independent of the reporting entity (observable
inputs) and (2) the reporting entity’s own assumptions about market participant assumptions
developed based on the best information available in the circumstances (unobservable inputs). The
notion of unobservable inputs is intended to allow for situations in which there is little, if any, market
activity for the asset or liability at the measurement date. In those situations, the reporting entity
need not undertake all possible efforts to obtain information about market participant assumptions.
However, the reporting entity must not ignore information about market participant assumptions that
is reasonably available without undue cost and effort.
This Statement clarifies that market participant assumptions include assumptions about risk, for
example, the risk inherent in a particular valuation technique used to measure fair value (such as a
pricing model) and/or the risk inherent in the inputs to the valuation technique. A fair value
measurement should include an adjustment for risk if market participants would include one in
pricing the related asset or liability, even if the adjustment is difficult to determine. Therefore, a
measurement (for example, a “mark-to-model” measurement) that does not include an adjustment
for risk would not represent a fair value measurement if market participants would include one in
pricing the related asset or liability.
This Statement clarifies that market participant assumptions also include assumptions about the
effect of a restriction on the sale or use of an asset. A fair value measurement for a restricted asset
should consider the effect of the restriction if market participants would consider the effect of the
restriction in pricing the asset. That guidance applies for stock with restrictions on sale that
terminate within one year that is measured at fair value under FASB Statements No. 115,
Accounting for Certain Investments in Debt and Equity Securities, and No. 124, Accounting for
Certain Investments Held by Not-for-Profit Organizations.
This Statement clarifies that a fair value measurement for a liability reflects its nonperformance risk
(the risk that the obligation will not be fulfilled). Because nonperformance risk includes the reporting
entity’s credit risk, the reporting entity should consider the effect of its credit risk (credit standing)
on the fair value of the liability in all periods in which the liability is measured at fair value under
other accounting pronouncements, including FASB Statement No. 133, Accounting for Derivative
Instruments and Hedging Activities.
This Statement affirms the requirement of other FASB Statements that the fair value of a position in
a financial instrument (including a block) that trades in an active market should be measured as the
product of the quoted price for the individual instrument times the quantity held (within Level 1 of
the fair value hierarchy). The quoted price should not be adjusted because of the size of the
position relative to trading volume (blockage factor). This Statement extends that requirement to
broker-dealers and investment companies within the scope of the AICPA Audit and Accounting
Guides for those industries.
This Statement expands disclosures about the use of fair value to measure assets and liabilities in
interim and annual periods subsequent to initial recognition. The disclosures focus on the inputs
used to measure fair value and for recurring fair value measurements using significant
unobservable inputs (within Level 3 of the fair value hierarchy), the effect of the measurements on
earnings (or changes in net assets) for the period. This Statement encourages entities to combine
the fair value information disclosed under this Statement with the fair value information disclosed
under other accounting pronouncements, including FASB Statement No. 107, Disclosures about
Fair Value of Financial Instruments, where practicable.
The guidance in this Statement applies for derivatives and other financial instruments measured at
fair value under Statement 133 at initial recognition and in all subsequent periods. Therefore, this
Statement nullifies the guidance in footnote 3 of EITF Issue No. 02-3, “Issues Involved in
Accounting for Derivative Contracts Held for Trading Purposes and Contracts Involved in Energy
Trading and Risk Management Activities.” This Statement also amends Statement 133 to remove
the similar guidance to that in Issue 02-3, which was added by FASB Statement No. 155,
Accounting for Certain Hybrid Financial Instruments.
How the Conclusions in This Statement Relate to the FASB’s Conceptual Framework
The framework for measuring fair value considers the concepts in FASB Concepts Statement No. 2,
Qualitative Characteristics of Accounting Information. Concepts Statement 2 emphasizes that
providing comparable information enables users of financial statements to identify similarities in and
differences between two sets of economic events.
The definition of fair value considers the concepts relating to assets and liabilities in FASB
Concepts Statement No. 6, Elements of Financial Statements, in the context of market participants.
A fair value measurement reflects current market participant assumptions about the future inflows
associated with an asset (future economic benefits) and the future outflows associated with a
liability (future sacrifices of economic benefits).
This Statement incorporates aspects of the guidance in FASB Concepts Statement No. 7, Using
Cash Flow Information and Present Value in Accounting Measurements, as clarified and/or
reconsidered in this Statement. This Statement does not revise Concepts Statement 7. The Board
will consider the need to revise Concepts Statement 7 in its conceptual framework project.
The expanded disclosures about the use of fair value to measure assets and liabilities should
provide users of financial statements (present and potential investors, creditors, and others) with
information that is useful in making investment, credit, and similar decisions—the first objective of
financial reporting in FASB Concepts Statement No. 1, Objectives of Financial Reporting by
Business Enterprises.
How the Changes in This Statement Improve Financial Reporting
A single definition of fair value, together with a framework for measuring fair value, should result in
increased consistency and comparability in fair value measurements.
The expanded disclosures about the use of fair value to measure assets and liabilities should
provide users of financial statements with better information about the extent to which fair value is
used to measure recognized assets and liabilities, the inputs used to develop the measurements,
and the effect of certain of the measurements on earnings (or changes in net assets) for the period.
The amendments made by this Statement advance the Board’s initiatives to simplify and codify the
accounting literature, eliminating differences that have added to the complexity in GAAP.
Costs and Benefits of Applying This Statement
The framework for measuring fair value builds on current practice and requirements. However,
some entities will need to make systems and other changes to comply with the requirements of this
Statement. Some entities also might incur incremental costs in applying the requirements of this
Statement. However, the benefits from increased consistency and comparability in fair value
measurements and expanded disclosures about those measurements should be ongoing.
The Effective Date of This Statement
This Statement is effective for financial statements issued for fiscal years beginning after November
15, 2007, and interim periods within those fiscal years. Earlier application is encouraged, provided
that the reporting entity has not yet issued financial statements for that fiscal year, including
financial statements for an interim period within that fiscal year.
The provisions of this Statement should be applied prospectively as of the beginning of the fiscal
year in which this Statement is initially applied, except as follows. The provisions of this Statement
should be applied retrospectively to the following financial instruments as of the beginning of the
fiscal year in which this Statement is initially applied (a limited form of retrospective application):
A position in a financial instrument that trades in an active market held by a broker-dealer or
investment company within the scope of the AICPA Audit and Accounting Guides for those
industries that was measured at fair value using a blockage factor prior to initial application of this
Statement
A financial instrument that was measured at fair value at initial recognition under Statement 133
using the transaction price in accordance with the guidance in footnote 3 of Issue 02-3 prior to
initial application of this Statement
A hybrid financial instrument that was measured at fair value at initial recognition under Statement
133 using the transaction price in accordance with the guidance in Statement 133 (added by
Statement 155) prior to initial application of this Statement.
The transition adjustment, measured as the difference between the carrying amounts and the fair
values of those financial instruments at the date this Statement is initially applied, should be
recognized as a cumulative-effect adjustment to the opening balance of retained earnings (or other
appropriate components of equity or net assets in the statement of financial position) for the fiscal
year in which this Statement is initially applied.
Additional Details
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commercial appraisal
southern california,
SERVICES SPANISH
TRANSLATION:
el valuador comercial, la
evaluación comercial, el
valuador Los Angeles,
valuador de bienes raíces,
experto comercial presencia
bienes raíces, los bienes
raíces
ca commercial appraiser
Real Estate Appraiser Orange
Riverside Ventura San
Bernardino Counties,
valuador comercial, valuador
comercial de bienes raíces,
Valuador Comercial de
bienes raíces Los Angeles,
Propaganda de Valuador,
Valuador Los Angeles,
Valuador de Propiedad,
Valuador de Protocolización,
Valuador de Confianza,
Valuador de Impuesto,
Valuador de MAI, LA, L.UN.,
bienes raíces Los Angeles,
valuador de tierra Los
Angeles, inspectores
comerciales de bienes raíces,
corredores de bienes raíces,
Los Angeles, valuador bienes
raíces, Valuador Los Angeles,
evaluación llp, marca a
evaluación marcador,
Valuador Comercial Tierra,
Valuador Especial Propiedad
Propósito, Valuador
Propiedad Oficina, evaluación
Comercial, El valuador,
Valuador de Apartamento Los
Angeles, Valuador Comercial
de bienes raíces Los
Angeles, VANDEMA, California
Meridional Valuador
Comercial de bienes raíces,
Valuador Residencial,
Valuador de Apartamento, la
Evaluación Comercial,
Valuador de California,
Valuador de Eliminación de
PMI, Liberta la Evaluación,
Valuador General Certificado,
Valuador de Impuesto, Multi
Valuador de Familia, Valuador
Bancario, el instituto de la
evaluación, testigo experto, se
atasca los servicios de la
valoración de jarra, los bienes
raíces, los bienes raíces, el
valuador de bienes raíces,
legaliza a valuador, valuador
de impuesto de propiedad,
valuador de apartamento,
solo valuador de la familia,
valuador bueno, en casa
valuador,
93510
Los Angeles County, Residential
Appraiser, Real Estate Appraiser,
and Commercial Appraisal /
Appraiser Coverage Areas: 93510
Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers 90071
Arleta 91331
Artesia 90680
Athens 90044
Atwater Village 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights 90033
Bradbury 91010
Brentwood 90049
Burbank 91501 - 91502 / 91506 /
91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson)
90747
Cal State Long Beach (Long
Beach) 90840
Cal State Northridge 91330
Cal Tech (Pasadena) 91125 -
91126
Calabasas 91302/91372
Canoga Park 91303 - 91304
Canyon Country (Santa Clarita)
91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills)
90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare 90272
Century City 90067
Cerritos 90701
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
City Terrace 90063
Civic Center 90012
Claremont 91711
Commerce, 90040
Compton 90220 - 90222
Country Club Park 90019
Covina 91722 - 91724
Crenshaw 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State
(Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles 90013 -
90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90022
East Los Angeles 90023
East Rancho Dominguez 90221
Echo Park 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno 90032
Elizabeth Lake 93532
Encino91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills 91344
Griffith Park 90027
Hacienda Heights (La Puente)
91745
Hancock Park (City of LA) 90004 /
90020
Harbor City 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park 90043
Industry, City of 91744 / 91746 /
91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park ) 90018
Juniper Hills 93543
Koreatown 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights)
91745
La Puente (Rowland Heights)
91748
La Verne 91750
Ladera Heights 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA)
91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area 90045
Leimert Par 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813
- 90815, 90822
Long Beach (Cal State Long
Beach) 90840
Long Beach (McDonnell Douglas)
90846
Long Beach (North Long Beach)
90805
Long Beach (World Trade Ctr)
90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 -
90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights)
90056
Lake View Terrace) 91342
(LAX Area) 90045
(Leimert Park) 90008
(Los Feliz) 90027
(Mar Vista) 90066
Mid City) 90019
(Mission Hills) 91345
(Montecito Heights) 90031
(Mount Olympus) 90046
(Mt. Washington) 90065
(North Hills) 91343
North Hollywood) 91601 - 91602 /
91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
(Palms) 90034
Panorama City) 91402
(Park La Brea) 90036
(Pico Heights) 90006
Playa del Rey) 90293
(Porter Ranch) 91326
(Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
(Sawtelle) 90022
(Shadow Hills) 91040
Sherman Oaks) 91403 / 91423
(Silverlake) 90026
(South Central) 90001 / 90003
/90007 / 90011 / 90037 /
90047 / 90061 - 90062
(Studio City) 91604
Sun Valley) 91352
(Sunland) 91040
(Sylmar) 91342
(Tarzana) 91356
(Terminal Island) 90731
(Toluca Lake) 91602
(Tujunga) 91042
(USC) 90089
(Valley Village) 91607
Van Nuys) 91401- 91403 /
91405 - 91406 / 91411 / 91423
(Venice) 90291
(Watts) 90002/90059
(West Adams) 90016
(West Beverly) 90048
(West Fairfax) 90035
West Hills) 91307
(West Los Angeles) 90025
(Westchester) 90045
(Westlake) 90057
Westwood) 90024
Wilmington) 90744
(Wilshire Blvd) 90010
(Winnetka) 91306
(Woodland Hills) 91364 /
91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long
Beach) 90846
Mid City 90019
Mission Hills A) 91345
Monrovia 91016
Montebello 90640
Montecito Heights 90031
Monterey Hill90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus 90046
Mount Wilson 91023
Mt. Washington 90065
Newhall (Santa Clarita) 91321
North Hills 91343
North Hollywood91601 -
91602 / 91604 - 91607
North Long Beach (Long
Beach) 90805
Northridge 91324 - 91325
Northridge, Cal State Univ.
91330
Norwalk 90650
Oak Park 91301
Pacific Highlands 90272
Pacific Palisades90272
Pacoima 91331
Palmdale 93550 - 93552 /
93591
Palms 90034
Palos Verdes Estates 90274
Panorama City 91402
Paramount 90723
Park La Brea 90036
Pasadena 91101 / 91103 -
91107
Pasadena (Cal Tech) 91125 -
91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights 90006
Pico Rivera 90660
Playa del Rey 90293
Playa Vista 90094
Pomona 91766-91768
Porter Ranch 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 /
90717 / 90732
Rancho Park 90064
Redondo Beach 90277 -
90278
Reseda 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente)
91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (0731 - 90733
Santa Clarita (Canyon
Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia)
91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle 90025
Shadow Hills91040
Sherman Oaks 91403 / 9
1423
Sierra Madre 91024
Signal Hill 90755
Silverlake90026
South Central (90001 / 90003
/ 90007 / 90011 / 90037 /
90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City 91604
Sun Valley 91352
Sunland 91040
Sylmar 91342
Tarzana 91356
Temple City 91780
Terminal Island 90731
Toluca Lake 91602
Topanga 90290
Torrance 90501-90506 /
90277 - 90278
Tropico (Glendale) 91204 -
91205
Tujunga ( 91042
Universal City 91608
USC 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita)
91354 - 91355
Valinda 91744
Valley Village () 91607
Valyermo 93563
Van Nuys ( 91401 - 91403 /
91405 - 91406 / 91411 /
91423
Venice 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts 90002 /90059
West Adams 90016
West Beverly (90048
West Covina 91790-91793
West Fairfax 90035
West Hills 91307
West Hollywood 90069
West Los Angeles 90025
Westchester 90045
Westlake 90057
Westlake Village 91361 -
91362
Westwood 90024
Whittier 90601 - 90605
Whittier (Whittier College)
90608
Whittier College (Whittier)
90608
Willowbrook 90059 / 90222
Wilmington ) 90744
Wilshire Blvd 90010
Windsor Hills 90043
WinnetkaA) 91306
Woodbury Univ. (Burbank)
91510
Woodland Hills 91364 / 91367
World Trade Center (Long
Beach) 90831 - 90832
southern california,
SERVICES SPANISH
TRANSLATION:
el valuador comercial, la
evaluación comercial, el
valuador Los Angeles,
valuador de bienes raíces,
experto comercial presencia
bienes raíces, los bienes
raíces
ca commercial appraiser
Real Estate Appraiser Orange
Riverside Ventura San
Bernardino Counties,
valuador comercial, valuador
comercial de bienes raíces,
Valuador Comercial de
bienes raíces Los Angeles,
Propaganda de Valuador,
Valuador Los Angeles,
Valuador de Propiedad,
Valuador de Protocolización,
Valuador de Confianza,
Valuador de Impuesto,
Valuador de MAI, LA, L.UN.,
bienes raíces Los Angeles,
valuador de tierra Los
Angeles, inspectores
comerciales de bienes raíces,
corredores de bienes raíces,
Los Angeles, valuador bienes
raíces, Valuador Los Angeles,
evaluación llp, marca a
evaluación marcador,
Valuador Comercial Tierra,
Valuador Especial Propiedad
Propósito, Valuador
Propiedad Oficina, evaluación
Comercial, El valuador,
Valuador de Apartamento Los
Angeles, Valuador Comercial
de bienes raíces Los
Angeles, VANDEMA, California
Meridional Valuador
Comercial de bienes raíces,
Valuador Residencial,
Valuador de Apartamento, la
Evaluación Comercial,
Valuador de California,
Valuador de Eliminación de
PMI, Liberta la Evaluación,
Valuador General Certificado,
Valuador de Impuesto, Multi
Valuador de Familia, Valuador
Bancario, el instituto de la
evaluación, testigo experto, se
atasca los servicios de la
valoración de jarra, los bienes
raíces, los bienes raíces, el
valuador de bienes raíces,
legaliza a valuador, valuador
de impuesto de propiedad,
valuador de apartamento,
solo valuador de la familia,
valuador bueno, en casa
valuador,
93510
Los Angeles County, Residential
Appraiser, Real Estate Appraiser,
and Commercial Appraisal /
Appraiser Coverage Areas: 93510
Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers 90071
Arleta 91331
Artesia 90680
Athens 90044
Atwater Village 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights 90033
Bradbury 91010
Brentwood 90049
Burbank 91501 - 91502 / 91506 /
91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson)
90747
Cal State Long Beach (Long
Beach) 90840
Cal State Northridge 91330
Cal Tech (Pasadena) 91125 -
91126
Calabasas 91302/91372
Canoga Park 91303 - 91304
Canyon Country (Santa Clarita)
91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills)
90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare 90272
Century City 90067
Cerritos 90701
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
City Terrace 90063
Civic Center 90012
Claremont 91711
Commerce, 90040
Compton 90220 - 90222
Country Club Park 90019
Covina 91722 - 91724
Crenshaw 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State
(Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles 90013 -
90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90022
East Los Angeles 90023
East Rancho Dominguez 90221
Echo Park 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno 90032
Elizabeth Lake 93532
Encino91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills 91344
Griffith Park 90027
Hacienda Heights (La Puente)
91745
Hancock Park (City of LA) 90004 /
90020
Harbor City 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park 90043
Industry, City of 91744 / 91746 /
91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park ) 90018
Juniper Hills 93543
Koreatown 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights)
91745
La Puente (Rowland Heights)
91748
La Verne 91750
Ladera Heights 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA)
91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area 90045
Leimert Par 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813
- 90815, 90822
Long Beach (Cal State Long
Beach) 90840
Long Beach (McDonnell Douglas)
90846
Long Beach (North Long Beach)
90805
Long Beach (World Trade Ctr)
90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 -
90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights)
90056
Lake View Terrace) 91342
(LAX Area) 90045
(Leimert Park) 90008
(Los Feliz) 90027
(Mar Vista) 90066
Mid City) 90019
(Mission Hills) 91345
(Montecito Heights) 90031
(Mount Olympus) 90046
(Mt. Washington) 90065
(North Hills) 91343
North Hollywood) 91601 - 91602 /
91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
(Palms) 90034
Panorama City) 91402
(Park La Brea) 90036
(Pico Heights) 90006
Playa del Rey) 90293
(Porter Ranch) 91326
(Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
(Sawtelle) 90022
(Shadow Hills) 91040
Sherman Oaks) 91403 / 91423
(Silverlake) 90026
(South Central) 90001 / 90003
/90007 / 90011 / 90037 /
90047 / 90061 - 90062
(Studio City) 91604
Sun Valley) 91352
(Sunland) 91040
(Sylmar) 91342
(Tarzana) 91356
(Terminal Island) 90731
(Toluca Lake) 91602
(Tujunga) 91042
(USC) 90089
(Valley Village) 91607
Van Nuys) 91401- 91403 /
91405 - 91406 / 91411 / 91423
(Venice) 90291
(Watts) 90002/90059
(West Adams) 90016
(West Beverly) 90048
(West Fairfax) 90035
West Hills) 91307
(West Los Angeles) 90025
(Westchester) 90045
(Westlake) 90057
Westwood) 90024
Wilmington) 90744
(Wilshire Blvd) 90010
(Winnetka) 91306
(Woodland Hills) 91364 /
91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long
Beach) 90846
Mid City 90019
Mission Hills A) 91345
Monrovia 91016
Montebello 90640
Montecito Heights 90031
Monterey Hill90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus 90046
Mount Wilson 91023
Mt. Washington 90065
Newhall (Santa Clarita) 91321
North Hills 91343
North Hollywood91601 -
91602 / 91604 - 91607
North Long Beach (Long
Beach) 90805
Northridge 91324 - 91325
Northridge, Cal State Univ.
91330
Norwalk 90650
Oak Park 91301
Pacific Highlands 90272
Pacific Palisades90272
Pacoima 91331
Palmdale 93550 - 93552 /
93591
Palms 90034
Palos Verdes Estates 90274
Panorama City 91402
Paramount 90723
Park La Brea 90036
Pasadena 91101 / 91103 -
91107
Pasadena (Cal Tech) 91125 -
91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights 90006
Pico Rivera 90660
Playa del Rey 90293
Playa Vista 90094
Pomona 91766-91768
Porter Ranch 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 /
90717 / 90732
Rancho Park 90064
Redondo Beach 90277 -
90278
Reseda 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente)
91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (0731 - 90733
Santa Clarita (Canyon
Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia)
91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle 90025
Shadow Hills91040
Sherman Oaks 91403 / 9
1423
Sierra Madre 91024
Signal Hill 90755
Silverlake90026
South Central (90001 / 90003
/ 90007 / 90011 / 90037 /
90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City 91604
Sun Valley 91352
Sunland 91040
Sylmar 91342
Tarzana 91356
Temple City 91780
Terminal Island 90731
Toluca Lake 91602
Topanga 90290
Torrance 90501-90506 /
90277 - 90278
Tropico (Glendale) 91204 -
91205
Tujunga ( 91042
Universal City 91608
USC 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita)
91354 - 91355
Valinda 91744
Valley Village () 91607
Valyermo 93563
Van Nuys ( 91401 - 91403 /
91405 - 91406 / 91411 /
91423
Venice 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts 90002 /90059
West Adams 90016
West Beverly (90048
West Covina 91790-91793
West Fairfax 90035
West Hills 91307
West Hollywood 90069
West Los Angeles 90025
Westchester 90045
Westlake 90057
Westlake Village 91361 -
91362
Westwood 90024
Whittier 90601 - 90605
Whittier (Whittier College)
90608
Whittier College (Whittier)
90608
Willowbrook 90059 / 90222
Wilmington ) 90744
Wilshire Blvd 90010
Windsor Hills 90043
WinnetkaA) 91306
Woodbury Univ. (Burbank)
91510
Woodland Hills 91364 / 91367
World Trade Center (Long
Beach) 90831 - 90832
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Los Angeles County, Residential Appraiser, Real
Estate Appraiser, and Commercial Appraisal /
Appraiser Coverage Areas: 93510
Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers 90071
Arleta 91331
Artesia 90680
Athens 90044
Atwater Village 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights 90033
Bradbury 91010
Brentwood 90049
Burbank 91501 - 91502 / 91506 / 91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson) 90747
Cal State Long Beach (Long Beach) 90840
Cal State Northridge 91330
Cal Tech (Pasadena) 91125 - 91126
Calabasas 91302/91372
Canoga Park 91303 - 91304
Canyon Country (Santa Clarita) 91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills) 90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare 90272
Century City 90067
Cerritos 90701
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
City Terrace 90063
Civic Center 90012
Claremont 91711
Commerce, 90040
Compton 90220 - 90222
Country Club Park 90019
Covina 91722 - 91724
Crenshaw 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State (Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles 90013 - 90015 / 90017 /
90021 / 90029
Eagle Rock 90041
East Los Angeles 90022
East Los Angeles 90023
East Rancho Dominguez 90221
Echo Park 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno 90032
Elizabeth Lake 93532
Encino91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills 91344
Griffith Park 90027
Hacienda Heights (La Puente) 91745
Hancock Park (City of LA) 90004 / 90020
Harbor City 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park 90043
Industry, City of 91744 / 91746 / 91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park ) 90018
Juniper Hills 93543
Koreatown 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights) 91745
La Puente (Rowland Heights) 91748
La Verne 91750
Ladera Heights 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA) 91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area 90045
Leimert Par 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813 - 90815, 90822
Long Beach (Cal State Long Beach) 90840
Long Beach (McDonnell Douglas) 90846
Long Beach (North Long Beach) 90805
Long Beach (World Trade Ctr) 90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 - 90015 / 90017 /
90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights) 90056
Lake View Terrace) 91342
(LAX Area) 90045
(Leimert Park) 90008
(Los Feliz) 90027
(Mar Vista) 90066
Mid City) 90019
(Mission Hills) 91345
(Montecito Heights) 90031
(Mount Olympus) 90046
(Mt. Washington) 90065
(North Hills) 91343
North Hollywood) 91601 - 91602 / 91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
(Palms) 90034
Panorama City) 91402
(Park La Brea) 90036
(Pico Heights) 90006
Playa del Rey) 90293
(Porter Ranch) 91326
(Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
(Sawtelle) 90022
(Shadow Hills) 91040
Sherman Oaks) 91403 / 91423
(Silverlake) 90026
(South Central) 90001 / 90003 /90007 /
90011 / 90037 / 90047 / 90061 - 90062
(Studio City) 91604
Sun Valley) 91352
(Sunland) 91040
(Sylmar) 91342
(Tarzana) 91356
(Terminal Island) 90731
(Toluca Lake) 91602
(Tujunga) 91042
(USC) 90089
(Valley Village) 91607
Van Nuys) 91401- 91403 / 91405 - 91406 /
91411 / 91423
(Venice) 90291
(Watts) 90002/90059
(West Adams) 90016
(West Beverly) 90048
(West Fairfax) 90035
West Hills) 91307
(West Los Angeles) 90025
(Westchester) 90045
(Westlake) 90057
Westwood) 90024
Wilmington) 90744
(Wilshire Blvd) 90010
(Winnetka) 91306
(Woodland Hills) 91364 / 91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long Beach) 90846
Mid City 90019
Mission Hills A) 91345
Monrovia 91016
Montebello 90640
Montecito Heights 90031
Monterey Hill90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus 90046
Mount Wilson 91023
Mt. Washington 90065
Newhall (Santa Clarita) 91321
North Hills 91343
North Hollywood91601 - 91602 / 91604 -
91607
North Long Beach (Long Beach) 90805
Northridge 91324 - 91325
Northridge, Cal State Univ. 91330
Norwalk 90650
Oak Park 91301
Pacific Highlands 90272
Pacific Palisades90272
Pacoima 91331
Palmdale 93550 - 93552 / 93591
Palms 90034
Palos Verdes Estates 90274
Panorama City 91402
Paramount 90723
Park La Brea 90036
Pasadena 91101 / 91103 - 91107
Pasadena (Cal Tech) 91125 - 91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights 90006
Pico Rivera 90660
Playa del Rey 90293
Playa Vista 90094
Pomona 91766-91768
Porter Ranch 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 / 90717 / 90732
Rancho Park 90064
Redondo Beach 90277 - 90278
Reseda 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente) 91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (0731 - 90733
Santa Clarita (Canyon Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia) 91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle 90025
Shadow Hills91040
Sherman Oaks 91403 / 9 1423
Sierra Madre 91024
Signal Hill 90755
Silverlake90026
South Central (90001 / 90003 / 90007 /
90011 / 90037 / 90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City 91604
Sun Valley 91352
Sunland 91040
Sylmar 91342
Tarzana 91356
Temple City 91780
Terminal Island 90731
Toluca Lake 91602
Topanga 90290
Torrance 90501-90506 / 90277 - 90278
Tropico (Glendale) 91204 - 91205
Tujunga ( 91042
Universal City 91608
USC 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita) 91354 - 91355
Valinda 91744
Valley Village () 91607
Valyermo 93563
Van Nuys ( 91401 - 91403 / 91405 - 91406 /
91411 / 91423
Venice 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts 90002 /90059
West Adams 90016
West Beverly (90048
West Covina 91790-91793
West Fairfax 90035
West Hills 91307
West Hollywood 90069
West Los Angeles 90025
Westchester 90045
Westlake 90057
Westlake Village 91361 - 91362
Westwood 90024
Whittier 90601 - 90605
Whittier (Whittier College) 90608
Whittier College (Whittier) 90608
Willowbrook 90059 / 90222
Wilmington ) 90744
Wilshire Blvd 90010
Windsor Hills 90043
WinnetkaA) 91306
Woodbury Univ. (Burbank) 91510
Woodland Hills 91364 / 91367
World Trade Center (Long Beach) 90831 -
90832
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