SEC · other · Published 1996-08-06 · Effective 1996-07-31 · 61 FR 40721
Document
Document number
96-19901
Federal Register citation
61 FR 40721
CFR reference
17 CFR 211
Type
Rule
Action
Publication of Staff Accounting Bulletin.
Category
other
Agency
US Securities and Exchange Commission
Publication date
1996-08-06
Effective date
1996-07-31
Docket
Release No. SAB 97
Abstract
The interpretations in this staff accounting bulletin express the views of the staff regarding the inappropriate application of Staff Accounting Bulletin No. 48, Transfers of Nonmonetary Assets by Promoters or Shareholders, to purchase business combinations consummated just prior to or concurrent with an initial public offering, and the identification of an accounting acquirer in accordance with APB Opinion No. 16, Business Combinations, for purchase business combinations involving more than two entities.