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acquired in a business combination.combination at acquisition.Subtopic 958-805 provides guidance on recognition and initial measurement of goodwill acquired in an acquisition by a not-for-profit entity. [FAS 142, paragraph 1, sequence

      • 69.2.1

        ]

  • 26.

    Amend paragraph 350-30-05-1, with a link to transition paragraph 350-10-

65-1, as follows:

350-30-05-1 This Subtopic addresses financial accounting and reporting for intangible assets (other than goodwill) acquired individually or with a group of other assets assets. However, it does not discuss the recognition-and initial measurement of intangible assets (but not those acquired in a business combination or in an acquisition by a not-for-profit entity. That acquisition guidance is provided in Subtopics 805-20 and 958-805.) at acquisition. This Subtopic also addresses financial accounting and reporting for intangible assets after their acquisition, including intangible assets acquired in a business combination or an acquisition by a not-for-profit entity.after their acquisition. Subtopic 805 20 addresses financial accounting and reporting for intangible assets acquired in a business combination at acquisition.

27.

Amend paragraph 350-10-15-3, with a link to transition paragraph 350-10-

65-1, as follows:

350-10-15-3 The guidance in the Intangibles—Goodwill and Other Topic does not apply to the following transactions and activities:

    • a.

      The accounting at acquisition for intangibles and goodwill acquired in a business combination (for guidance see Subtopic 805-30Topic 805)

    • b.

      Subparagraph not used

    • c.

      The accounting at acquisition for intangibles and goodwill acquired in an acquisition by a not-for-profit entity (for guidance see Subtopic 958-

      • 805)

        .a combination between not-for-profit entities (NFPs) or the acquisition of a for profit business entity by a NFP. [FAS 142, paragraph 48(c), sequence 202.2.1]

    • d.

      The accounting at acquisition for intangible assets (other than goodwill) acquired in a business combination or in an acquisition by a not-for-profit entity (for guidance see Subtopics 805-20 and 958-805). [FAS 142, paragraph 9, sequence 95.2.2.1]

  • 28.

    Amend paragraph 350-20-15-2, with a link to transition paragraph 350-10-

65-1, as follows:

350-20-15-2 The guidance in this Subtopic applies to the following transactions and activities:

  • a.

    Goodwill that an entity recognizes in accordance with Subtopic 805-30 or Subtopic 958-805 after it has been initially recognized and measured

  • b.

    The costs of internally developing goodwill and other unidentifiable intangible assets with indeterminate lives

74

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