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This amends the Accounting Standards Codification for the issuance of FASB Statement No. 164, Not-for-Profit Entities: Mergers and Acquisitions. We hope this publication will help you understand and apply the consolidation guidance in ASC 810.Executive summary. Introduction. The current guidance on accounting for business combinations is captured in ASC 805. Once the registrant loses EGC status, that status cannot be regained. Business combination vs. Many businesses may take part in a merger, but at the end of the day, there is only one survivor. As defined in its proxy and registration statement per SEC Form S4, SPAC management (i.e. Columbia Banking System and Umpqua Complete Merger; Holdco Name Updated. In any other case, the mailing address, including the zip code.