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Amendments to Subtopic 805-30

19.

Amend paragraph 805-30-15-1, with a link to transition paragraph 958-805-

65-1, as follows:

Business Combinations—Goodwill or Gain from Bargain Purchase, Including Consideration Transferred

805-30-15-1 This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 805-10-15, with specific exceptions noted below.

20.

Add paragraph 805-30-15-2 and its related heading, with a link to transition

paragraph 958-805-65-1, as follows:

  • >

    Entities

805-30-15-2 The guidance in this Subtopic does not apply to not-for-profit entities (NFPs). NFPs apply the guidance in Subtopic 958-805 for measuring goodwill acquired, a contribution received, and consideration transferred.

Amendments to Subtopic 805-50

21.

Amend paragraph 805-50-15-6, with a link to transition paragraph 958-805-

65-1, as follows:

Business Combinations—Related Issues

805-50-15-6 The guidance in the Transactions Betweenbetween Entities Underunder Common Control Subsections applies to combinations between entities or businesses under common control. The following are examples of those types of transactions: [FAS 141(R), paragraph D8, sequence 585.2FAS 164, paragraph A141, sequence 242.1]

  • a.

    An entity charters a newly formed entity and then transfers some or all of its net assets to that newly chartered entity. [FAS 141(R), paragraph D8, sequence 586FAS 164, paragraph A141, sequence 242.1.1]

  • b.

    A parent transfers the net assets of a wholly owned subsidiary into the parent and liquidates the subsidiary. That transaction is a change in legal organization but not a change in the reporting entity. [FAS 141(R), paragraph D8, sequence 587FAS 164, paragraph A141, sequence

      • 242.1.2

        ]

  • c.

    A parent transfers its controlling interest in several partially owned subsidiaries to a new wholly owned subsidiary. That also is a change in legal organization but not in the reporting entity. [FAS 141(R), paragraph D8, sequence 588FAS 164, paragraph A141, sequence

      • 242.1.3

        ]

  • d.

    A parent exchanges its ownership interests or the net assets of a wholly owned subsidiary for additional shares issued by the parent’s less-than-

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