I have questions regarding an adoption of FAS 141(R). If company A acquired company B in Nov 2008. The FYE is 12/31/xx. The company A has two options 1) early adoption of FAS 141 (R) 2) still use of FAS141. Am I right? "Effective Date:Prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008" If Company A has two options, which method is better? I would think FAS 141 is more f
y*k
3 楼
对啊,原来如此。只是宋慧乔的脸是不是更小。
m*n
4 楼
Early adoption of FAS 141R is not permitted. See Paragraph 74 of FAS 141R. If your client already made the acquisition in Nov 2008, applying FAS 141 is the only choice. In general, FAS 141 is favorable than FAS 141R, and this became incentives for companies to complete acquisition in 2008 rather than 2009.