FASB responds to post-implementation review of statement on business combination.

The Financial Accounting Standards Board released its response to the post-implementation review of its business combinations reporting standard. The review, conducted by the FASB's parent organization, the Financial Accounting Foundation, examined FASB Statement No. 141R, Business Combinations. The standard requires an acquiring organization to recognize the assets acquired, the liabilities assumed and any non-controlling interest in the acquired organization at the acquisition date, measured at their fair values as of that...