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Company A purchased Company B. Company B will keep its name and conduct business as...

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Accounting

Company A purchased Company B. Company B will keep its name and conduct business as usual. At the end of year, Company B will have all of its activity consolidated with Company A. Company A want to use push down accounting to ease the burden of its consolidation entries. What authoritative literature addresses this topic? Would you recommend this approach to your client, Company A? Provide FASB codifcation.

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