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through 55-46 shall be considered in making that determination. [FAS 164, paragraph 24, sequence 24.2]

  • >

    Identifying the Acquisition Date

958-805-25-17 Paragraphs 805-10-25-6 through 25-7 require identifying the acquisition date and provide guidance for doing so. In addition to that guidance, the date on which an NFP acquirer obtains control of an NFP with sole corporate membership generally also is the date on which the acquirer becomes the sole corporate member of that entity. [FAS 164, paragraph 26, sequence

    • 26.2

      ]

      • >

        Recognizing the Identifiable Assets Acquired, the Liabilities Assumed,

and Any Noncontrolling Interest in the Acquiree

958-805-25-18 This Subsection includes the following guidance that is incremental to Subtopic 805-20 for the recognition of identifiable assets acquired, liabilities assumed, and any noncontrolling interest in the acquiree:

  • a.

    Recognition conditions

  • b.

    Classifying or designating identifiable assets acquired and liabilities

assumed

  • c.

    Additional exceptions to the recognition principle.

    • >

      > Recognition Conditions

958-805-25-19 When considering whether an identifiable asset or liability assumed qualifies for recognition as part of applying the acquisition method as described in paragraph 805-20-25-3, an identifiable asset or liability also qualifies if it is part of what was contributed in an acquisition that includes an inherent

contribution (see sequence 29]

paragraph

958-805-25-31).

[FAS

164,

paragraph

29,

  • >

    > Classifying or Designating Identifiable Assets Acquired and Liabilities

Assumed

958-805-25-20 An NFP acquirer is not required to classify investments as described in paragraph 805-20-25-7(a). However, an NFP acquirer that is a health care entity (see Section 954-10-15) shall classify particular investments as described in paragraph 954-805-25-1. [FAS 164, paragraph 33(a), sequence

      • 33.1.1

        ]

        • >

          > Additional Exceptions to the Recognition Principle

958-805-25-21 This Subsection provides the following limited exceptions to the recognition principle in paragraph 805-20-25-1, which are incremental to the exceptions provided by paragraphs 805-20-25-16 through 25-28:

  • a.

    Donor relationships

  • b.

    Collections

  • c.

    Conditional promises to give.

11

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