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merger date nor the reversal of the previous selection of the fair value option. [FAS 164, paragraph 13, sequence 13.2]

958-805-30-4 The new NFP shall eliminate the effects of any intra-entity transactions on its assets, liabilities, and net assets as of the merger date. [FAS 164, paragraph 14, sequence 14]

Acquisition by a Not-for-Profit Entity

958-805-30-5 A not-for-profit entity (NFP) that is an acquirer applies the guidance in this Subsection instead of Subtopic 805-30 for the measurement of the following items:

a.

Goodwill acquired, whether recognized charge to the statement of activities

as

an

asset

or

an

immediate

    • b.

      A contribution received in an acquisition

    • c.

      Consideration transferred, including contingent consideration.

  • >

    Goodwill Acquired, Whether Recognized as an Asset or an Immediate

Charge to the Statement of Activities

958-805-30-6 An NFP acquirer shall measure goodwill acquired, including goodwill recognized as an immediate charge to the statement of activities, as of the {Glossary link} acquisition date {Glossary link} as the excess of (a) over (b): [FAS 164, paragraph 50, sequence 50.1]

a.

The aggregate of the following: [FAS 164, paragraph 50, sequence 50.1.1]

b.

1.

2.

3.

The

The consideration transferred measured at its acquisition-date fair value (see paragraphs 958-805-30-10 through 30-13) [FAS 164, paragraph 50, sequence 50.1.1.1] The fair value of any {Glossary link} noncontrolling interest {Glossary link} in the {Glossary link} acquiree {Glossary link} [FAS 164, paragraph 50, sequence 50.1.1.2] In an {Glossary link} acquisition by a not-for-profit entity {Glossary link} achieved in stages, the acquisition-date fair value of the acquirer’s previously held {Glossary link} equity interest {Glossary link} in the acquiree. [FAS 164, paragraph 50, sequence 50.1.1.3] net of the acquisition-date amounts of the {Glossary link}

identifiable {Glossary link} assets acquired and the assumed measured in accordance with Subtopic 805-20 Subtopic. [FAS 164, paragraph 50, sequence 50.1.2]

liabilities and this

958-805-30-7 The result of the equation in the preceding paragraph will be to measure goodwill or the separate charge to the statement of activities as the excess of liabilities assumed over assets acquired if the acquisition by the NFP meets all of the following criteria: [FAS 164, paragraph 53, sequence 53.4]

16

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