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FASB discusses the definition of a business at February 17 meeting

  • FASB meeting Image

Feb 18, 2016

At its February 17, 2016, meeting, the FASB discussed phase 2 of its project on the definition of a business.

The Board made tentative decisions related to (1) undivided interests, (2) the unit of account in partial sales transactions, and (3) tran­si­tion.

For more in­for­ma­tion, see Deloitte's related journal entry as well as the meeting minutes on the FASB’s Web site.

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