Status of Technical Bulletin No. 85-6

Accounting for a Purchase of Treasury Shares at a Price Significantly in Excess of the Current Market Price of the Shares and the Income Statement Classification of Costs Incurred in Defending against a Takeover Attempt


December 1985

Effective Date:
Effective for transactions after December 31, 1985

No other pronouncements

Affected by:
No other pronouncements

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Nullifies EITF Issue No. 85-2

Interpreted by:
No EITF Issues

Related Issues:
No EITF Issues

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