Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: SFAS No. 142 | Statement: [SFAS, hasComponent, SFAS No. 142]

Target entity: SFAS No. 142
Context triple: [SFAS, hasComponent, SFAS No. 142]

• A. IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  IAS 37 Provisions, Contingent Liabilities and Contingent Assets is an International Accounting Standard that sets out the criteria and measurement rules for recognizing and disclosing provisions, contingent liabilities, and contingent assets in financial statements.
• B. IAS 36 Impairment of Assets
  IAS 36 Impairment of Assets is an International Accounting Standard that prescribes procedures to ensure assets are not carried at more than their recoverable amount, requiring entities to recognize and measure impairment losses when necessary.
• C. ASC 350 Intangibles—Goodwill and Other
  ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
• D. FASB Accounting Standards Codification
  The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
• E. IAS 16 Property, Plant and Equipment
  IAS 16 Property, Plant and Equipment is an International Accounting Standard that prescribes the accounting treatment for tangible long-term assets, including their recognition, measurement, depreciation, and derecognition.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: SFAS No. 142
Triple: [SFAS, hasComponent, SFAS No. 142]

SFAS No. 142 is a U.S. accounting standard that fundamentally changed the treatment of goodwill and other intangible assets by eliminating their systematic amortization and requiring periodic impairment testing instead.

Target entity: SFAS No. 142
Target entity description: SFAS No. 142 is a U.S. accounting standard that fundamentally changed the treatment of goodwill and other intangible assets by eliminating their systematic amortization and requiring periodic impairment testing instead.

• A. IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  IAS 37 Provisions, Contingent Liabilities and Contingent Assets is an International Accounting Standard that sets out the criteria and measurement rules for recognizing and disclosing provisions, contingent liabilities, and contingent assets in financial statements.
• B. IAS 36 Impairment of Assets
  IAS 36 Impairment of Assets is an International Accounting Standard that prescribes procedures to ensure assets are not carried at more than their recoverable amount, requiring entities to recognize and measure impairment losses when necessary.
• C. ASC 350 Intangibles—Goodwill and Other chosen
  ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
• D. FASB Accounting Standards Codification
  The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
• E. IAS 16 Property, Plant and Equipment
  IAS 16 Property, Plant and Equipment is an International Accounting Standard that prescribes the accounting treatment for tangible long-term assets, including their recognition, measurement, depreciation, and derecognition.
• F. None of above.