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
StatusIssued:
December 1985
Effective Date:
Effective for transactions after December 31, 1985
Affects:
No other pronouncements
Affected by:
No other pronouncements
Issues Discussed by FASB Emerging Issues Task Force (EITF)
Affects:
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