Acquisition Similar to prior guidance (formerly SFAS 141R), with exceptions made due to unique NFP considerations Goodwill recognized only if substantial portion of revenues are supported from exchange transactions (business-type entity) Donor relationships not recognized as separate intangible No recognition of conditional promises to give unless criteria under Topic 958 (formerly SFAS 116) met at acquisition No amortization of goodwill – evaluate each year for impairment Applies to goodwill previously recorded as well – beginning with 12/31/10 year end entities Not-for-Profit – Mergers and Acquisitions 8
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