* January 1998 - A massive ice storm, caused by El Niño, strikes New England, southern Ontario and Quebec, resulting in widespread power failures, severe damage to forests, and a number of deaths. * January 1 - Smoking is banned in all California bars and restaurants. * January 2 o Russia begins to circulate new rubles to stem inflation and promote confidence. o Gunman shoots Antario Teodoro Filho, Brazilian politician and radio presenter, in a middle of his broadcast. * January 4 - Wilaya of Relizane massacres of 4 January 1998 in Algeria; over 170 killed in three remote villages. * January 6 - The Lunar Prospector spacecraft is launched into orbit around the Moon and later found evidence for frozen water on the moon's surface. * January 8 o Ramzi Yousef is sentenced to life in prison for planning the World Trade Center bombing. o Cosmologists announce that the expansion rate of the universe is increasing. * January 11 - Sidi-Hamed massacre in Algeria; over 100 people killed. * January 12 - 19 European nations agree to forbid human cloning. * January 14 - Researchers in Dallas, Texas present findings about an enzyme that slows aging and cell death (apoptosis). * January 15 - The stalker of Howard Stern, Lance Carvin, is sentenced to 2 1/2 years for threatening to kill Stern and his family. * January 16 - NASA announces that John Glenn will return to space when Space Shuttle Discovery blasts off in October 1998. * January 17 - Paula Jones accuses President Bill Clinton of sexual harassment. * January 22 - Suspected "Unabomber" Theodore Kaczynski pleads guilty and accepts a sentence of life without the possibility of parole. * January 26 o Lewinsky scandal: On American television, Bill Clinton denies he had "sexual relations" with former White House intern Monica Lewinsky. o Compaq buys Digital Equipment Corporation. * January 27 - American First Lady Hillary Rodham Clinton appears on the Today show calling the attacks against her husband part of a "vast right-wing conspiracy." * January 28 o Ford Motor Company announces the buyout of Volvo Cars for $6.45 billion. o Gunmen hold at least 400 children and teachers hostage for several hours at an elementary school in Manila, Philippines. * January 29 - In Birmingham, Alabama a bomb explodes at an abortion clinic killing one and severely wounding another. Serial bomber Eric Rudolph is suspected as the culprit.
Effective for auditing procedures related to transactions required to be accounted for under SFAS 125 that are entered into on or after January 1, 1998.
This interpretation is scheduled to be published in the February 1998 Journal of Accountancy.
This interpretation is scheduled to be published in the March 1998 Journal of Accountancy.
January1998 - A massive ice storm, caused by El NiƱo, strikes New England, southern Ontario and Quebec, resulting in widespread power failures, severe damage to forests, and a number of deaths.
January 6 - The Lunar Prospector spacecraft is launched into orbit around the Moon, and later finds evidence for frozen water, in soil in permanently shadowed craters near the Moon's poles.
January 15 - The stalker of Howard Stern, Lance Carvin, is sentenced to 2 1/2 years for threatening to kill Stern and his family.