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Appendix A — Pushdown Accounting

A.5 Subsequent Election to Apply Pushdown Accounting

A.5 Subsequent Election to Apply Pushdown Accounting

ASC 805-50
25-7 If the acquiree does not elect to apply pushdown accounting upon a change-in-control event, it can elect to apply pushdown accounting to its most recent change-in-control event in a subsequent reporting period as a change in accounting principle in accordance with Topic 250 on accounting changes and error corrections. Pushdown accounting shall be applied as of the acquisition date of the change-in-control event.