The Southeast Asian ride-hailing company slated to go public via one of the biggest SPAC deals of the year announced in early August it would have to cut its 2020 full-year revenue by more than half. The warning by Grab Holdings Inc.—which is being folded into a special purpose acquisition […]
companies
FASB to allow private companies a practical way to account for share-based awards
The Financial Accounting Standards Board has endorsed a recommendation from its Private Company Council to allow a practical expedient for a private company to determine the current price input of equity-classified share-based awards issued to both employees and nonemployees. During a meeting Wednesday, the board agreed to issue an accounting […]