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Mary Aah Merger Case Study

Satisfactory Essays
Mary Aah argument stated if the net assets of the combined company are worth more than the date of the merger, and then there should be no impairment of goodwill. Goodwill is less than the fair value which the goodwill is reduced to bring the assets value to the carrying value. FASB Statement No. 141 Business Combinations addresses financial accounting and reporting for goodwill and other intangible assets combined the two companies in acquisition. FASB Statement No. 164, Not-for-Profit Entities: Mergers and Acquisitions, addresses financial accounting and reporting for goodwill and other intangible Assets acquired in an acquisition of a business or nonprofit activity by a not-for-profit entity at
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