RE:Acquisition Accounting ..... Love it!
And why is that? Can you go over each one of these points in acquisition accounting and point out to us why you consider each one to be financial engineering? This is the standard technique for acquisition accounting. 1.Measure any tangible assets and liabilities that were acquired at their fair market value on the date of acquisition 2.Measure any intangible assets and liabilities that were acquired at fair market value on the date of acquisition 3.Measure the amount of any non-controlling interest in the acquired business (fair market value) 4.Measure the amount of consideration paid to the seller + Fair value of assets paid to seller + Fair value of acquirer equity awards that replace existing acquiree awards - Fair value of liabilities incurred by the seller = Total consideration paid 5.Measure any goodwill or gain on the transaction