In a leveraged buyout, if management has more than a 20% ownership interest, the new basis of accounting cannot be used.

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In a leveraged buyout, the percentage of management's ownership interest does not directly determine whether the new basis of accounting can be used. The use of the new basis of accounting typically depends on whether the transaction results in a change of control and meets other specific accounting criteria, not solely on the percentage of ownership by management.

In a Leveraged Buyout, If Management Has More Than a 20