Premium Only Content

Business Combination vs. Asset Acquisition : How to define a business
In this video we face off between what is a business combination versus a asset acquisition. This can be a tricky first step after acquiring assets and can determine a lot of downstream accounting and valuation work. In this episode we start with the basics of what defines a business in the accounting literature with ASC 805. These are your inputs, process, and outputs.
We also go over a very useful screener that may cause the purchase of a business to not be deemed a business combination. This screener is the substantially all screener. Lastly, we perform an example with Laine's acquisition to walk through how to record the entries for an asset acquisition.
Subscribe to my channel so you don't miss anything: https://www.youtube.com/channel/UC1Iva-1xSychaikynKjspiQ?sub_confirmation=1
If you can become a patreon: https://www.patreon.com/AccountingAcademy
Attribution:
Background of thumbnail- a href='https://www.freepik.com/vectors/background'Background vector created by starline - www.freepik.com/a
-
LIVE
Lofi Girl
2 years agoSynthwave Radio 🌌 - beats to chill/game to
583 watching -
20:14
GritsGG
14 hours agoHackers vs Win Squad! Let's Get it Done!
8.4K -
59:26
Omar Elattar
9 months agoFrom HEROIN To CEO: How I Overcame Addiction & Built A $120k/Month Business
7.08K1 -
26:18
Stephen Gardner
11 hours ago🔥YES! Trump makes TWO HUGE moves on Epstein!!
27.3K66 -
1:58:25
Badlands Media
15 hours agoDevolution Power Hour Ep. 373: Narrative Whiplash, Border Theater, and the Trump Time Bomb
88.6K43 -
1:01:56
Man in America
16 hours agoVICTORY! DOJ Drops All Charges Against Doctor Who Defied COVID Tyranny w/ Dr. Kirk Moore
58.3K41 -
7:30:55
RalliedLIVE
13 hours ago $18.74 earnedHIGH OCTANE WARZONE SOLOS ALL DAY
87.5K3 -
5:03:19
Spartan
8 hours agoSpartan - Pro Halo Player for OMiT | Ranked
27.1K1 -
1:57:36
DLDAfterDark
7 hours ago $6.58 earnedGuns Aren't Political - The Gun Owners Leadership Summit AKA G.O.A.L.S in Aug!
26.9K2 -
1:57:36
BlackDiamondGunsandGear
8 hours agoAfter Hours Armory LIVE w/ DLD After Dark and Tiberious Gib
20.6K