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958-805-55-70 Entity X discloses the following additional information in a supplemental schedule of investing and financing activities: [FAS164, paragraph A133, sequence 234.1]

The Entity acquired Entity S by transferring cash of $300. In conjunction with the acquisition, liabilities were assumed and a contribution was received from Entity S's parent as follows:

Fair value of assets acquired Cash transferred to community foundation Liabilities assumed Contribution received in acquisition of Entity S

$

$

1,080 (300) (375) 405

[FAS164, paragraph A133, sequence 234.2] Transition and Open Effective Date Information General

  • >

    Transition Related to FASB Statement No. 164, Not-for-Profit Entities:

Mergers and Acquisitions

958-805-65-1 The following represents the transition and effective date information related to FASB Statement No. 164, Not-for-Profit Entities: Mergers and Acquisitions:

  • a.

    The pending content that links to this paragraph shall be applied by not- for-profit entities (NFPs) prospectively to the following transactions or other events. [FAS 164, paragraph 92, sequence 92.1]

    • 1.

      Mergers of not-for-profit entities for which the merger date is on or after the beginning of an initial reporting period beginning on or after December 15, 2009 [FAS 164, paragraph 92, sequence

      • 92.1.1

        ]

    • 2.

      Acquisitions by not-for-profit entities for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2009. [FAS 164, paragraph 92, sequence 92.1.2]

  • b.

    Earlier application is prohibited. [FAS 164, paragraph 92, sequence

    • 92.2

      ]

  • c.

    The pending content shall be applied in both annual and interim periods after the effective date. [FAS 164, paragraph 92, sequence 92.2.2]

  • d.

    Paragraph 350-10-65-1 provides effective date and transition guidance related to subsequent accounting for goodwill and other intangible assets acquired in an acquisition by a not-for-profit entity.

  • e.

    Except as indicated in paragraph 350-10-65-1, assets and liabilities that arose from mergers or acquisitions whose dates preceded the effective

50

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