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QuestionsHow should these various contributions be recorded? Are these transactions between entities under common control? If under common control, is there a change in control?We are looking at t
Questions
How should these various contributions be recorded?
Are these transactions between entities under common control?
If under common control, is there a change in control?
We are looking at the standpoint of the acquirer, we need to know who acquire whom
What type of business transactions took place?
Is it a business combination?
Does the control change?Is it is under common control?
How to record it?
Need a codification memorandum done using the ASC codification codes that applies to the transactions (see attached sample memorandum format)
Memorandum format:
To:
From:
Issues:
Facts:
Conclusion/Judgement:
Analysis (How you came to the conclusion)