Status of Technical Bulletin No. 85-5

Issues Relating to Accounting for Business Combinations Including

  • Costs of Closing Duplicate Facilities of an Acquirer
  • Stock Transactions between Companies under Common Control
  • Downstream Mergers
  • Identical Common Shares for a Pooling of Interests
  • Pooling of Interests by Mutual and Cooperative Enterprises

December 1985

Effective Date:
The provisions of paragraph 2 are effective for transactions consummated after June 5, 1985. Other provisions are effective for business combinations initiated after December 31, 1985.

No other pronouncements

Affected by:
Paragraphs 1 through 4, 6, and 7 amended by FAS 141, paragraphs E24(a) through E24(f), respectively
Paragraphs 13 through 24 deleted by FAS 141, paragraph E24(g)
Superseded by FAS 141(R), paragraph E3(e)*

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Nullifies EITF Issue No. 84-38
Resolves EITF Issue No. 85-4
Partially resolves EITF Issue No. 84-35

Interpreted by:
Paragraph 2 interpreted by EITF Issue No. 95-3
Paragraph 6 interpreted by EITF Issue No. 90-5

Related Issue:
EITF Issue No. 95-7

*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