Consider fasb standards for mergers and acquisitions by, Accounting Basics

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Consider fasb standards for mergers and acquisitions by

Question: Consider FASB standards for mergers and acquisitions by not-for-profit organizations. Answer the following questions:

a. What is the difference between a merger and an acquisition?

b. What is the principal difference in the accounting treatment of assets and liabilities under mergers and acquisitions?

c. Under what circumstances may a not-for-profit organization record goodwill?

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