eBay 2015 Annual Report Download - page 87

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
In 2015, the FASB issued new guidance related to business combinations. The new guidance requires that
adjustments made to provisional amounts recognized in a business combination be recorded in the period such
adjustments are determined, rather than retrospectively adjusting previously reported amounts. The new standard
is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015.
Early adoption is permitted. We are evaluating the impact, if any, of adopting this new accounting guidance on
our consolidated financial statements.
In 2015, the FASB issued new guidance related to balance sheet classification of deferred taxes. The new
guidance requires that deferred tax assets and liabilities be classified as noncurrent in a classified statement of
financial position. The new standard is effective for fiscal years, and interim periods within those fiscal years,
beginning after December 15, 2016. Early adoption is permitted. We early adopted this guidance on a prospective
basis as of December 31, 2015. See “Note 17 — Income Taxes” for additional information.
In 2016, the FASB issued new guidance related accounting for equity investments, financial liabilities under
the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the
FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets
resulting from unrealized losses on available-for-sale debt securities. The new standard is effective for fiscal
years, and interim periods within those fiscal years, beginning after December 15, 2017. We are evaluating the
impact of adopting this new accounting guidance on our consolidated financial statements.
F-13