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What is a leveraged buyout (LBO)?How does an LBO compare to a management buyout (MBO)? What authoritative pronouncements from the ASC, if any, deal with

What is a leveraged buyout (LBO)?How does an LBO compare to a management buyout (MBO)?
What authoritative pronouncements from the ASC, if any, deal with LBOs?
Is a LBO a type of business combination?Explain.
What is the major issue in determining the proper basis for an interest in a company purchased through an LBO?

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