The accounting standard on Business Combinations, ASC 805, is one of the most complex and wide-ranging. This episode of Accounting Matters takes a look at this guidance and discusses the most important takeaways, including:

• What is considered a business
• Determining who acquired who and when
• Mechanics of the purchase price allocation
• Contingent consideration arrangements
• And more!

For more information on Business Combinations:

• What You Need to Know About the Updates in ASC 805 (Business Combinations)
• How Accounting Should Support an Acquisition or Merger
• ASC 805, Business Combinations

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