Michigan Business Reports, Issue 57School of Business Administration, University of Michigan., 1967 |
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accepted accounting principles accounting for business Accounting Research Bulletin Accounting Research Study Accounting Review Accounting Theory accounting treatment acquired company acquisitions and mergers Allied Chemical American Accounting Association American Institute amount analysis Annual Report assets acquired balance sheet book value Bristol-Myers business acquisitions business combinations Cash flow cent Certified Public Accountants charges Chas Colgate-Palmolive combination accounting practices common shares common stock company's Corp cost over book Diamond Alkali Dividends Drug earnings per share entity Excess of cost excess of purchase exchange transaction fair value financial ratios financial statements growth rates Institute of Certified intangible assets investment method Mixture as reported Norden NYSE Listing Application Pfizer pooling concept pooling of interests pooling treatment pooling-of-interests Procter & Gamble purchase accounting purchase price purchase treatment Purchase with amortization Purchase without amortization purchased goodwill retained earnings Richardson-Merrell shares of common stock acquisitions stockholders Table tangible assets tion treasury stock Warner-Lambert Witco write-off
Popular passages
Page 53 - In the former event the cost should be amortized by systematic charges in the income statement over the estimated remaining period of usefulness...
Page 116 - ... amount of the net income anticipated in excess of income sufficient to clothe the tangible resources involved with a normal rate of return. Thus purchased goodwill represents an advance recognition of a debit for a portion of income that is expected to materialize later. It follows that the amount expended for goodwill should be absorbed by revenue charges—during the period implicit in the computation on which the price paid was based—in order that the income not paid for in advance may be...
Page 14 - When a combination is deemed to be a purchase, the assets acquired should be recorded on the books of the acquiring corporation at cost, measured in money, or, in the event other consideration is given, at the fair value of such other consideration, or at the fair value of the property acquired, whichever is more clearly evident.
Page 79 - ... operations of the constituent interests for the part of the period preceding the date on which the combination was effected; if combined statements are not furnished, statements for the constituent corporations prior to the date of combination should be furnished separately or in appropriate groups. Results of operations of the several constituents during periods prior to that in which the combination was effected, when presented for comparative purposes, may be stated on a combined basis, or...
Page 62 - Lump sum write-offs of intangibles should not be made to earned surplus immediately after acquisition, nor should intangibles be charged against capital surplus.'" Na publikatie van Accounting Principles Board Opinion nr. 17 dienen echter alle immateriële activa, en dus ook goodwill, te worden afgeschreven.4" Daarbij dient een maximale afschrijvingsduur van 40 jaar in acht te worden genomen.
Page 58 - Housing: the Office of Statistical Standards of the Bureau of the Budget and...
Page 29 - For accounting purposes, a purchase may be described as a business combination of two or more corporations in which an important part of the ownership interests in the acquired corporation or corporations is eliminated or in which other factors requisite to pooling of interests are not present. . . .2 In contrast, a pooling of interests may be described ... in which the holders of substantially all...
Page 61 - The cost of type (a) intangibles should be amortized by systematic charges in the income statement over the period benefited, as in the case of other assets having a limited period of usefulness.
Page 41 - Postulate C.3: Consistency The procedures used in accounting for a given entity should be appropriate for the measurement of its position and its activities and should be followed consistently from period to period. Postulate C.4: Stable unit Accounting reports should be based on a stable measuring unit. Postulate C.5: Disclosure Accounting reports should disclose that which is necessary to make them not misleading.
Page 2 - ... a plan or firm Intention and understanding to retire a substantial part of the capital stock issued to the owners of one or more of the constituent corporations or substantial changes in ownership which occurred shortly before or planned to occur shortly after the combination, the combination may be considered a "purchase." (a) Accounting under a "pooling in interest" (1) In accounting for a "pooling of interests," no new basis of accountability arises.