Discussion:MERGER OF PRIVATELY HELD COMPANIES
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Discussion Forum Index --> Accounting Questions --> MERGER OF PRIVATELY HELD COMPANIES
| 5 May 2008 | |
| Hi! A gentleman owns 100% of the stock of two different companies. One company is doing very well, but the other is not. The owner merged the two companies; thus, created a brand new company. Can anyone help me with a footnote disclosure to explain this? I know there is no such thing as "big gaap, little gaap," but the BIG GAAP just doesn't seem to apply.
Thanks, HoperGirl | |
| May 16, 2008 | |
| Re-read the chapter, there must be something about this type of disclosure or they wouldn't have asked the question. | |
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