Applies to:
- All restructuring transactions that meet the definition below.
- Only entities that adhere to the standards for the PSA Handbook for their financial reporting.
Does not apply to:
- Acquisitions of a group of assets, an operation or an entity;
- Contributions of assets or assumptions of liability; or
- Disposal and abandonment of assets, or discontinuance of operations that is not part of a restructuring transaction.
- Accounting for acquisitions for an operation or an entity is addressed in Section PS 2510, Additional Areas of Consolidation, and Section PS 3070, Investment in Government Business Enterprises.
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