Accounting for Preacquisition Contingencies of Purchased Enterprises: An Amendment of APB Opinion, Issue 16
Financial Accounting Standards Board of the Financial Accounting Foundation, 1980 - Consolidation and merger of corporations - 21 pages
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21 of Statement 88 of Opinion Accounting for Preacquisition accruals of estimated acquired company acquiring enterprise acquisition date adjustments related adjustments that result adjustments to paid-in allocation period allocation process amendment of APB amounts APB Opinion assets and obligations assets or liabilities benefits of preacquisition Board concluded business combination carryforwards of purchased contingent assets contingent liabilities cost criteria defined in paragraph described in paragraph enterprise's estimated for contingencies estimated losses Financial Accounting Standards financial statements goodwill identifiable assets acquired impairments of assets included in income income tax benefits initial recorded estimate liabilities assumed loss contingencies number of reasons operating loss carryforwards Opinion 16 provides Opinions 9 paid-in capital paragraph 88 preacquisition contingencies preacquisition operating loss Prior Period proposed Statement purchase allocation purchase method purchase price Purchased Enterprises realized income tax realized tax effects reasonably estimated related to preacquisition reported as adjustments require adjustments result from realized Statement 16 requires Subsequent adjustments tingencies