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This excerpt taken from the FALC 10-Q filed May 11, 2009. Acquisitions. We account for
acquisitions using the purchase method of accounting as required by SFAS No.
141(R), Business
Combinations. Under SFAS No. 141(R), the acquiring company allocates the
purchase price of the assets acquired and liabilities assumed based on their
estimated fair values at the date of acquisition, including intangible assets
that can be identified. The purchase price in excess of the fair value of the
net assets and liabilities is recorded as goodwill. Among other sources of
relevant information, we use independent appraisals or other valuations to
assist in determining the estimated and final recorded fair value of assets and
liabilities acquired. As discussed further in Note (8) Acquisitions, in our
unaudited condensed consolidated financial statements, during the third quarter
of 2008, we purchased certain assets of World Venture Limited for an aggregate
purchase price of $1.7 million including transaction and closing costs, and
recorded approximately $0.6 million of goodwill as a result of the related fair
value appraisals performed.
These excerpts taken from the FALC 10-K filed Mar 12, 2009. Acquisitions. We account for
acquisitions using the purchase method of accounting as required by SFAS No.
141, Business
Combination. Under SFAS No. 141, the acquiring company allocates the
purchase price of the assets acquired and liabilities assumed based on their
estimated fair values at the date of acquisition, including intangible assets
that can be identified. The purchase price in excess of the fair value of the
net assets and liabilities is recorded as goodwill. Among other sources of
relevant information, we use independent appraisals or other valuations to
assist in determining the estimated and final recorded fair value of assets and
liabilities acquired. As discussed further in Note (9) Acquisitions in our
consolidated financial statements, during the third quarter of 2008, we
purchased certain assets of World Venture Limited for an aggregate purchase
price of $1.7 million including transaction and closing costs, and recorded
approximately $0.6 million of goodwill as a result of the related fair value
appraisals performed.
Acquisitions. We account for
acquisitions using the purchase method of accounting as required by SFAS No.
141, Business
Combination. Under SFAS No. 141, the acquiring company allocates the
purchase price of the assets acquired and liabilities assumed based on their
estimated fair values at the date of acquisition, including intangible assets
that can be identified. The purchase price in excess of the fair value of the
net assets and liabilities is recorded as goodwill. Among other sources of
relevant information, we use independent appraisals or other valuations to
assist in determining the estimated and final recorded fair value of assets and
liabilities acquired. As discussed further in Note (9) Acquisitions in our
consolidated financial statements, during the third quarter of 2008, we
purchased certain assets of World Venture Limited for an aggregate purchase
price of $1.7 million including transaction and closing costs, and recorded
approximately $0.6 million of goodwill as a result of the related fair value
appraisals performed.
Acquisitions. We account for acquisitions using the purchase method of accounting as required by SFAS No. 141, Business Combination. Under SFAS No. 141, the acquiring company allocates the purchase price of the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition, including intangible assets that can be identified. The purchase price in excess of the fair value of the net assets and liabilities is recorded as goodwill. Among other sources of relevant information, we use independent appraisals or other valuations to assist in determining the estimated and final recorded fair value of assets and liabilities acquired. As discussed further in Note (9) Acquisitions in our consolidated financial statements, during the third quarter of 2008, we purchased certain assets of World Venture Limited for an aggregate purchase price of $1.7 million including transaction and closing costs, and recorded approximately $0.6 million of goodwill as a result of the related fair value appraisals performed. Acquisitions. We account for acquisitions using the purchase method of accounting as required by SFAS No. 141, Business Combination. Under SFAS No. 141, the acquiring company allocates the purchase price of the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition, including intangible assets that can be identified. The purchase price in excess of the fair value of the net assets and liabilities is recorded as goodwill. Among other sources of relevant information, we use independent appraisals or other valuations to assist in determining the estimated and final recorded fair value of assets and liabilities acquired. As discussed further in Note (9) Acquisitions in our consolidated financial statements, during the third quarter of 2008, we purchased certain assets of World Venture Limited for an aggregate purchase price of $1.7 million including transaction and closing costs, and recorded approximately $0.6 million of goodwill as a result of the related fair value appraisals performed. | EXCERPTS ON THIS PAGE:
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