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Wiley Not-for-Profit GAAP 2015: Interpretation and Application of Generally Accepted Accounting Principles by Richard F. Larkin, Marie DiTommaso, Warren Ruppel

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24 MERGERS AND ACQUISITIONS

PERSPECTIVE AND ISSUES

Business combinations may take a number of legal forms, but whatever the form, all combinations will be accounted for as either purchases (now referred to as “acquisitions”) or poolings of interests (now referred to as “mergers”). This chapter will provide some of the basic theory and requirements to address those infrequent times when they do combine operations. Chapter 11, Affiliated Organizations, describes potential relationships between not-for-profit organizations and between not-for-profit organizations and for-profit organizations. That chapter provides information as to when an affiliation is accounted for as a business combination. This chapter describes how to account for transactions that are business combinations.

The FASB issued ASU 2010-07 (Not-for Profit Entities—Topic 958 Not-for-Profit Entities: ...

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