Heads Up: FASB Issues Guidance on Combinations Involving Not-for-Profit Entities
Volume 16, Issue 20
The attached issue of Heads Up discusses the recently issued FASB Statement No. 164, Not-for-Profit Entities: Mergers and Acquisitions. The new Statement significantly changes the accounting for (1) combinations involving two or more not-for-profit entities and (2) combinations in which a not-for-profit entity acquires a for-profit business or a nonprofit activity.
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