Deloitte
Accounting Research Tool
...
Chapter 1 — Overview of Accounting for Business Combinations

1.3 Common-Control Transactions

1.3 Common-Control Transactions

A common-control transaction does not meet the definition of a business combination because there is no change in control over the net assets. The accounting for these transactions is addressed in the “Transactions Between Entities Under Common Control” subsections of ASC 805-50.