In November 2014, the FASB issued ASU 2014- 17, which became effective upon issuance. ASU...
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In November 2014, the FASB issued ASU 2014- 17, which became effective upon issuance. ASU 2014-17, which was codified into the pushdown accounting subsections of ASC 805-50, now provides both public and nonpublic entities with authoritative guidance on applying pushdown accounting Review the textbook information on pushdown accounting from your module resources. Then, for your initial post, address the following: Describe the concept of a controlling financial interest." How does the acquiree elect pushdown accounting? What do you feel is the most important consideration to decide on before making the election? In November 2014, the FASB issued ASU 2014- 17, which became effective upon issuance. ASU 2014-17, which was codified into the pushdown accounting subsections of ASC 805-50, now provides both public and nonpublic entities with authoritative guidance on applying pushdown accounting Review the textbook information on pushdown accounting from your module resources. Then, for your initial post, address the following: Describe the concept of a controlling financial interest." How does the acquiree elect pushdown accounting? What do you feel is the most important consideration to decide on before making the election
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