Business Combinations

Identify the acquirer, determine the acquisition date, recognize and measure identifiable assets/liabilities/NCI at acquisition-date fair value, and recognize goodwill or a bargain purchase gain

Identify the acquiree, determine the measurement date, capitalize all acquisition costs, and amortize any residual goodwill

Determine control transfer, measure consideration at historical cost, recognize only tangible assets, and record bargain purchases as deferred gains

Identify the acquirer, expense all consideration transferred, measure NCI at book value, and capitalize acquisition-related costs into goodwill