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AICPA Efforts to Curb Abuses in Accounting for Corporate Acquisitions: Their Inadequacies and a Proposed Solution

Abstract

The recent AICPA changes in accounting methods for corporate acquisitions are reviewed, their inadequacies are considered and a more satisfactory solution is proposed. Arguing that the changes are aimed only at mitigating, rather than solving, present deficiencies in accounting. the writer contends that they will fail to prevent future abuses.

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12 Ariz. L. Rev. 543 (1970)

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