The two companies that were the main focus of the case.
What is Rebel and Lion?
The asset they are acquiring in the case.
What are broadcasting rights to the baseball team?
All parties involved in the case
Who are S, D, and E?
When two or more companies join together to form a single entity.
What is a business combination?
The case that utilizes ASC 805-10-55-3A.
What is the swap?
The dilemma of the case
Does the acquired set qualify as a business?
The parent of the case.
Who is D?
The percentage of ownership S and D have in E.
What is 50 percent?
An example of a business combination?
What is Heinz & Kraft? What is Disney & Pixar? What is AT&T & Time Warner?
The case that utilizes ASC 810-10-40-6.
What is Accounting for Business Combinations?
The service lines being sold from Rebel to Lion and vice versa.
What is jewelry line and water bottle line?
The percentage and amount at which B acquired R.
What is 75% and $30 million?
The classification of the transaction between the three entities.
What is a single transaction?
One company obtains the assets and often liabilites of another company in exchange for cash, other assets, liabilites, stock, or a combination of these.
What is a merger?
The case that utilizes ASC 805-20-25-14.
What is Reaquired Rights?
The numerical value of the water bottle line and jewelry line.
What is $27 million and $21 million?
The new year they extended the agreement to.
What is 2035?
When a specific part of a business is separated and given to shareholders of related stocks.
What is a split-off?
The process of combining financial records of two or more organizations to form a single set of financial statements.
What is a consolidation?
The codification(s) that proves Lion was not a real business entity.
What is ASC 805-10-55-5A through 5C?
The complete name for TSA mentioned in the case.
What is Transition Services, Supply, and Distribution Agreements?
The impact left as a result of the unfavorable transaction.
What is a loss?
The parent company distributes shares of the subsidiary to its existing shareholders and typically does not receive payment in return.
What is a spin-off?
The process in which one company buys another company or a part of it, gaining control over its assets, operations, and sometimes its management.
What is an acquisition?
The codification that proves the unfavorable element of B.
What is ASC 805-10-55-23?