Joined: 05 Mar 2010
Online Status: Offline Posts: 1
Posted: 05 Mar 2010 at 19:36 | IP Logged
Quick question the regarding allocation of an identified and recorded (via acquisition) intangible. Is it possible to allocate a portion of the asset's value between multiple subsidiaries (reporting units) without requiring consideration (i.e. via a transaction between internal units)? And importantly what section of the FASB codification would justification for such an allocation come from (or conversely where would it say consideration is required)?
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