# Staff Accounting Bulletin No. 97
> **US Securities and Exchange Commission** · Publication of Staff Accounting Bulletin. · Published 1996-08-06 · Effective 1996-07-31 · 61 FR 40721
## Document
- **Document number:** 96-19901
- **Category:** other
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 61 FR 40721
- **CFR reference:** 17 CFR 211
- **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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/08/06/96-19901/staff-accounting-bulletin-no-97)
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