issue（问题）.pdfVIP

EITF ABSTRACTS Issue No. 90-13 Title: Accounting for Simultaneous Common Control Mergers [Nullified by FAS 141(R) and FAS 160] Dates Discussed: July 12, 1990; September 7, 1990 References: FASB Statement No. 57, Related Party Disclosures FASB Statement No. 94, Consolidation of All Majority-Owned Subsidiaries FASB Statement No. 141, Business Combinations FASB Statement No. 141 (revised 2007), Business Combinations FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements AICPA Accounting Research Bulletin No. 51, Consolidated Financial Statements APB Opinion No. 16, Business Combinations APB Opinion No. 18, The Equity Method of Accounting for Investments in Common Stock AICPA Accounting Interpretation 39, Transfers and Exchanges between Companies under Common Control, of APB Opinion No. 16 ISSUE An entity (Parent) obtains control by ownership or otherwise of another entity (Target). Almost simultaneously, as part of an integrated planned transaction, Target issues additional shares to Parent in exchange for Parent’s interest in a subsidiary (Subsidiary). Parent, Target, and Subsidiary are substantive operating entities. The issues are: 1. Whether the transfer of Subsidiary to Target should be accounted for by Parent as a purchase of Target under Opinion 16 or as a combination of entities under common control at historical cost in a manner similar to a pooling of interests in accordance with AICPA Interpretation 39 2. If AICPA Interpretation 39 does not apply and th