Hubbell Policies

Exceptions. None

ACCOUNTING AND DISCLOSURE

None

REPORTING

None

DEFINITIONS

Gain or Loss Contingency shall mean a contingency is an existing condition, situation or set of circumstances involving uncertainty as to possible gain or loss to an entity that will ultimately be resolved when one or more future events occur or fail to occur. A loss contingency may require the company to recognize a balance sheet liability. Gain contingencies generally are not recognized in the financial statements until the uncertainty giving rise to the contingency has been resolved.

Reserve shall mean a reserve is a provision made against an asset to reduce the asset to the estimated net realizable value. A reserve may also be referred to as an allowance.

RELATED DOCUMENTS (Policies, Guidelines, Standards) • FIN-43 Restructuring and Related Costs Policy • FIN-02 Allowances for Doubtful Accounts Policy • FIN-23 Excess and Obsolete Inventory Policy • FIN-15 Credit Memo and Sales Allowance Reserves Policy

VERSION

Version

Approval

Effective 2014.08.01 2019.08.15

Changes

1 2

J. Capozzoli, A. Hsieh, S. Mais J. Capozzoli, K. Lane, S. Mais

Original Issue

Conformed to new template

45