Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 202

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 202
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 - General Notes to Financial Statements: Income Tax Expense, and (2) removing disclosures that no longer are considered
cost beneficial or relevant. For public business entities, the amendments in this Update are effective for annual periods beginning after
December 15, 2024. For entities other than public business entities, the amendments are effective for annual periods beginning after December
15, 2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The
amendments in this Update should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating
the potential impact of adopting this guidance on financial statements requirements and does not expect the adoption to have a material
impact.

In October 2023, the FASB issued ASU 2023-06,
Disclosure Improvements - codification amendments in response to SEC’s disclosure Update and Simplification initiative which
amend the disclosure or presentation requirements of codification subtopic 230-10 Statement of Cash Flows - Overall, 250-10 Accounting
Changes and Error Corrections - Overall, 260-10 Earnings Per Share - Overall, 270-10 Interim Reporting - Overall, 440-10
Commitments - Overall, 470-10 Debt - Overall, 505-10 Equity - Overall, 815-10 Derivatives and Hedging - Overall, 860-30
Transfers and Servicing - Secured Borrowing and Collateral, 932-235 Extractive Activities - Oil and Gas - Notes to Financial
Statements, 946-20 Financial Services - Investment Companies - Investment Company Activities, and 974-10 Real Estate - Real
Estate Investment Trusts - Overall. The amendments represent changes to clarify or improve disclosure and presentation requirements
of above subtopics. Many of the amendments allow users to more easily compare entities subject to the SEC’s existing disclosures
with those entities that were not previously subject to the SEC’s requirements. Also, the amendments align the requirements in the
Codification with the SEC’s regulations. For entities subject to existing SEC disclosure requirements or those that must provide
financial statements to the SEC for securities purposes without contractual transfer restrictions, the effective date aligns with the
date when the SEC removes the related disclosure from Regulation S-X or Regulation S-K. Early adoption is not allowed. For all other entities,
the amendments will be effective two years later from the date of the SEC’s removal. The Company is currently evaluating the