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These excerpts taken from the ALXA 10-K filed Mar 10, 2009. Statement
of Financial Accounting Standard No. 141R
In December 2007, the FASB issued Statement of Financial
Accounting Standard No. 141 (revised 2007), Business
Combinations (“SFAS 141(R)”). This standard
establishes principles and requirements for how an acquirer in a
business combination recognizes and measures the identifiable
assets acquired, the liabilities assumed and any noncontrolling
interest in the acquiree in its financial statements.
SFAS 141(R) also establishes principles and requirements
for how an acquirer recognizes and measures the goodwill
acquired in a business combination and it establishes disclosure
requirements to facilitate an evaluation of the nature and
financial effects of a business combination. SFAS 141(R) is
effective for business combinations which occur during the first
annual reporting period beginning on or after December 15,
2008. The Company expects the effect of adoption of this
standard will be limited to any acquisitions made by the Company
which close subsequent to December 31, 2008.
Statement of Financial Accounting Standard No. 141R In December 2007, the FASB issued Statement of Financial Accounting Standard No. 141 (revised 2007), Business Combinations (“SFAS 141(R)”). This standard establishes principles and requirements for how an acquirer in a business combination recognizes and measures the identifiable assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree in its financial statements. SFAS 141(R) also establishes principles and requirements for how an acquirer recognizes and measures the goodwill acquired in a business combination and it establishes disclosure requirements to facilitate an evaluation of the nature and financial effects of a business combination. SFAS 141(R) is effective for business combinations which occur during the first annual reporting period beginning on or after December 15, 2008. The Company expects the effect of adoption of this standard will be limited to any acquisitions made by the Company which close subsequent to December 31, 2008. | EXCERPTS ON THIS PAGE:
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