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Statement No. 10
Extension of "Grandfather" Provisions for Business Combinations-an amendment of APB Opinion No. 16
STATUS
Issue Date: October 1975
Effective Date: November 1, 1975
Affects: Amends APB 16, paragraph 99
Amends AIN-APB 16, Interpretations No. 15, 17, and 24
Affected by: No other pronouncements
Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides
SUMMARY
This Statement eliminates the five-year limitation in the grandfather provisions of APB Opinion No. 16,
Business Combinations, and in AICPA Accounting Interpretations 15, 16, 17, 24, and 26 of Opinion 16 that allow an exemption from certain criteria for applying pooling of interests accounting to business combinations.
Copyright by Financial Accounting Standards Board. All Rights Reserved. Used by Permission.
©2000 New York State Society
of Certified Public Accountants. Legal Notices.
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