In this section, responses can be numbered to correspond with the questions presented.
The Codification provides guidelines for Business Combinations. In what section of the Codification can we find guidance about Business Combinations? Where specifically in the Codification can we find guidance on accounting for Income Taxes in a Business Combination? Reference example: ASC 954-320-55
In section 810 of the Codification guidelines for Consolidations are discussed. Read the following 810-10-45-11. In your own words, explain what this means.
An investor argues that a Bargain generated from an acquisition should be recognized in the same manner as goodwill. Using the Codification, how can you refute the statement? Support your response with a specific reference to the appropriate section of the Codification: Reference example: ASC 954-320-55
Review the "Accounting Standard Updates", "Proposed Accounting Standard Updates" or "Recently Issued". Have there been any updates related to business combinations or consolidations? If so, what was the update, i.e. title? (You do not have to try to explain or summarize the update) When was it issued?
How has the globalization of the economy and/or accounting impacted mergers and acquisitions?
How do differences in culture, social values, political systems, technology and economic systems impact mergers/acquisitions in this global environmental?