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ACS2755
Member Since: Mar 21st 2016
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ACS2755
Advanced Control Systems, Inc
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Mar 21st 2016

On the 1 year measurement period question, say for example, a company was acquired in March 2014. At December 2014, the financials were issued. During 2015, new information came to light affecting certain receivables' valuation. Thus, management is attempting to reflect the changes in the 2015 financial statements. Does this restatement satisfy the one year rule?

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FAS 141R – Measurement Period and Business Combinations in Stages

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