Now that the accounting for business combinations has been refined by the FASB,accountants need not consider further changes.

Question

Quizplus · Accepted Answer

Although the FASB has refined the accounting for business combinations, there is always the possibility that further changes and updates may be made in the future. Additionally, the adoption and implementation of these changes may require ongoing training and education for accountants.

Now That the Accounting for Business Combinations Has Been Refined