Status of Interpretation No. 21

Accounting for Leases in a Business Combination—an interpretation of FASB Statement No. 13


April 1978

Effective Date:
For business combinations initiated on or after May 1, 1978

No other pronouncements

Affected by:
Paragraphs 13 and 19 amended by FAS 141, paragraphs E21(a), E21(f), and E21(g) respectively, and FAS 141(R), paragraphs E46(a) and E46(c), respectively
Paragraph 14 deleted by FAS 141, paragraph E21(b), and FAS 141(R), paragraph E46(b)
Paragraph 15 amended by FAS 141, paragraph E21(c); FAS 141(R), paragraph E32(a); FAS 145, paragraph 9(o); and FAS 164, paragraph E16(a)
Paragraph 16 amended by FAS 141, paragraph E21(d); FAS 141(R), paragraph E32(b); and FAS 164, paragraph E16(b)
Footnote 2 amended by FAS 164, paragraph E16(a)
Footnote 4 amended by FAS 141, paragraph E21(g)
Footnote 4 deleted by FAS 141(R), paragraph E32(c)

Other Interpretive Pronouncement:
FTB 79-18

*Note: Amendments as a result of the issuance of FAS 141(R) are effective for business combinations with an acquisition date on or after the beginning of the first annual reporting period beginning on or after 12/15/08.

Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides