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Required Supplementary Information (Unaudited) The following information is not audited.

NFP I’s revenue and changes in unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets for the year ending December 31, 20X1, as if the merger had occurred at January 1, 20X1, are:

Change in

Change in

Change in

Temporarily

Permanently

Unrestricted Net

Restricted Net

Restricted

Assets

Assets

Net Assets

347

$

(2,922)

$

5,715

$

Supplemental pro forma information for 1/1/20X1–12/31/20X1

Revenue

$

17,139

Acquisition by a Not-for-Profit Entity

  • >

    Implementation Guidance

958-805-55-39 This Subsection provides implementation guidance, which is incremental to the guidance in Sections 805-10-55 and 805-20-55, on all of the following:

    • a.

      Definition of a business and a nonprofit activity

    • b.

      Identifying the acquirer

    • c.

      Intangible assets that are identifiable

    • d.

      Transactions between entities under common control.

  • >

    > Definition of a Business and a Nonprofit Activity

958-805-55-40 Paragraph 805-10-15-4 uses the term business to differentiate an acquisition of an integrated set of activities and assets that is within the scope of Topic 805 from an acquisition of a group of assets that is outside its scope. [FAS 164, paragraph A30, sequence 131.1] This Subtopic uses that same definition. [FAS 164, paragraph A30, sequence 131.3] In addition to the term business, this Subtopic also uses the term nonprofit activity to differentiate an acquisition of an integrated set of activities and assets that is within its scope from an acquisition of a group of assets that is outside its scope. It builds on the definition of a business in defining a nonprofit activity; each is defined as an integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing benefits. [FAS 164, paragraph A31, sequence 132.1] The nature of the benefits provided distinguishes a business from a nonprofit activity. [FAS 164, paragraph A31, sequence 132.2] Thus, in applying the guidance in paragraphs 805-10-55-4 through 55-9, references to a business or businesses also refer to a not-for-profit activity or not-for-profit activities, and references to the three elements of input, process, and output also include outputs that provide or have the ability to provide goods or services to beneficiaries, customers, or

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