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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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?