Examples of Glory Star in a sentence
Glory Star Group records a valuation allowance to offset deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized.
Glory Star Group maintains cash with various financial institutions in China.
The reporting currency of Glory Star Group is the U.S. dollar (“USD”).
Parties are considered to be related to Glory Star Group if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company.
Glory Star Group uses the management approach to determine operating segments.
Glory Star Group reports revenue net of PRC’s VAT for all of the periods presented in the consolidated statements of operations.
Crista Noel asked the election committee to look at whether a person who had a regular membership and also held the organizational membership voting card should have to give one of those votes to another person in order to make the process fairer.
Glory Star Group early adopted the new revenue standard under Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, starting January 1, 2017 using the modified retrospective method for contracts that were not completed as of December 31, 2016.
Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.All of Glory Star Group’s revenue and expense transactions are transacted in the functional currency of the operating subsidiaries.
Beijing Leshare’s assets and liabilities were recorded at their carrying values as of the Acquisition Date, and the results of operations of Beijing Leshare are consolidated with the results of operations of Glory Star Group, starting on August 31, 2017.The assets acquired and liabilities assumed from the acquired business are recorded at their carrying values on the date of acquisition.