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Consider FASB standards for mergers and acquisitions by not-for-profit organizations. Answer the following questions: What is the difference between a merger and an acquisition? What

Consider FASB standards for mergers and acquisitions by not-for-profit organizations. Answer the following questions:

What is the difference between a merger and an acquisition?

What is the principal difference in the accounting treatment of assets and liabilities under mergers and acquisitions?

Under what circumstances may a not-for-profit organization record goodwill?

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