FASB Issues Accounting Standards Update on Own-Share Lending Arrangements (ASU 2009-15)
The FASB issued Accounting Standards Update (ASU) No. 2009-15, which codifies the consensus reached by the Emerging Issues Task Force (EITF) in June 2009 on Issue 09-1, Accounting for Own-Share Lending Arrangements in Contemplation of Convertible Debt Issuance or Other Financing. Corporate entities may enter into share lending arrangements in connection with a convertible debt [...]
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