Company consolidating debt non profit

08-Dec-2019 13:23

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We're a non-profit debt consolidation agency, working hard every day to help good people reduce their debt.

We are highly successful at stopping collection calls and working closely with your creditors to create favorable debt consolidation plans, something we like to call Debt Management Plans.

A parent company can acquire another company by purchasing its net assets or by purchasing a majority share of its common stock.

Regardless of the method of acquisition; direct costs, costs of issuing securities and indirect costs are treated as follows: Treatment to the acquiring company: When purchasing the net assets the acquiring company records in its books the receipt of the net assets and the disbursement of cash, the creation of a liability or the issuance of stock as a form of payment for the transfer.

The deciding factor, however, is significant influence.

If other factors exist that reduce the influence or if significant influence is gained at an ownership of less than 20%, the equity method may be appropriate (FASB interpretation 35 (FIN 35) underlines the circumstances where the investor is unable to exercise significant influence).

(APB 18 specifies conditions where ownership is less than 20% but there is significant influence).

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Under the equity method, the purchaser records its investment at original cost.

For over 30 years, we've been helping good, honest Americans, people just like you, reduce or eliminate their debt.

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