Status of Statement No. 38

Accounting for Preacquisition Contingencies of Purchased Enterprises—an amendment of APB Opinion No. 16

Status

Issued: September 1980

Effective Date:
For business combinations initiated after December 15, 1980

 

Affects:
Amends APB 16, paragraph 88

 

Affected by:
Paragraph 2 amended by FAS 96, paragraph 205(o), and FAS 109, paragraph 288(q)
Paragraph 5 amended by FAS 109, paragraph 288(q)
Footnote 2 amended by FAS 96, paragraph 205(o)
Footnote 2 replaced by FAS 109, paragraph 288(q)
Superseded by FAS 141, paragraph E1(d), and FAS 141(R), paragraph E38(d)

 

Other Interpretive Pronouncement:
FTB 81-2 (Superseded by FAS 96 and FAS 109)

 

Issues Discussed by FASB Emerging Issues Task Force (EITF)
Interpreted by:
Paragraph 4(a) interpreted by EITF Issue No. 95-3
Paragraph 5 interpreted by EITF Issue No. 93-7

 

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