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- Arts-Entertainment
- accounting standards board
- bul
- business combinations
- business music
- caroline distribution
- combined company
- digital distribution
- distribution business
- distribution unit
- financial accounting standards
- financial accounting standards board
- illustrative purposes
- indie labels
- interest expense
- master recordings
- operating expenses
- physical distribution
- pro forma financial statements
- royalties
- tvt records
In an SEC filing yesterday, The Orchard released unaudited, pro forma financial statements related to its acquisition of some of TVT Records's assets (read EX-99.2). The Financial Accounting Standards Board requires that business combinations are to be allocated based on the purchase price.
