FASB Unit Approves Indemnification Rule for Assets in Assisted Acquisitions

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Members of the FASB's task force unit reaffirm that the scope of the indemnification language within accounting guidance for business combinations would apply to government-assisted acquisitions of financial institutions. FASB's Emerging Issues Task Force ratifies this viewpoint as its final consensus for Issue No. 12-C, Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution.

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