Visit: https://asc.fsb.org/imageRoot/47/49947.pdf Case F: License of Distribution Rights Company A is a distributor of food and beverages. Company A enters into an agreement to sublicense the Latin American distribution rights of Yogurt Brand F to Company B, whereby Company B will distribute Yogurt Brand F in Latin America. As part of the agreement, Company A transfers the existing customer contracts in Latin America to Company B and an at-market supply contract with the producer of Yogurt Brand F. Company A retains all of its employees and distribution capabilities. Very good efforts by the team and experts, dealing part from the team was very good and the prices are very cheap that any student can afford it.

To maintain a consistent presentation, Topic 805 presents all content as pending content even though some content applies to business combinations before the effective date of Statement 141(R). See Codification paragraph 805-10- 65-1 for the effective date. Accordingly, for business combinations applicable before the effective date in Codification paragraph 805-10-65-1, users need to access Statement 141 and any other relevant standards.

So i would like to know the update 2017 how aplly, if aplly which one is the codification number . In my presentation in class I have to menction if the adquisition of the sublicense by Nature’s Beverage meet the definition of a business and how i support my answer and relate what codification number ASC # ? So I need to know and read which one is the specific codification Business Combinations Topic 805, Business Combinations, was created using only FASB Statement No. 141(R), Business Combinations (revised), and related content. It excluded content from FASB Statement No. 141, Business Combinations, and related standards.

Please I need include the reference for codification (FASB) with the proper explanation Assume both companies have adopted FASB Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. Does the acquisition of the sublicense by Nature’s Beverage to distribute Herbal T meet the definition of a business? 2. How should Nature’s Beverage account for the acquisition, including the treatment of the transaction costs? (Note that the response will be dependent on the response to Question 1.) 18-1 include this point that we have to assume: Assume both companies have adopted FASB Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business.