Question 1

SFAS 141R requires that all business combinations be accounted for using:

Accepted Answer

A) the pooling of interests method. 
B) the acquisition method. 
C) either the acquisition or the pooling of interests methods. 
D) neither the acquisition nor the pooling of interests methods. 
A) the pooling of interests method. 
B) the acquisition method. 
C) either the acquisition or the pooling of interests methods. 
D) neither the acquisition nor the pooling of interests methods.

Question 2

The first step in determining goodwill impairment involves comparing the:

Accepted Answer

A) implied value of a reporting unit to its carrying amount (goodwill excluded). 
B) fair value of a reporting unit to its carrying amount (goodwill excluded). 
C) implied value of a reporting unit to its carrying amount (goodwill included). 
D) fair value of a reporting unit to its carrying amount (goodwill included). 
A) implied value of a reporting unit to its carrying amount (goodwill excluded). 
B) fair value of a reporting unit to its carrying amount (goodwill excluded). 
C) implied value of a reporting unit to its carrying amount (goodwill included). 
D) fair value of a reporting unit to its carrying amount (goodwill included).

SFAS 141R requires that all business combinations be accounted for using:

The first step in determining goodwill impairment involves comparing the:

Introduction to Business Combinations and the Conceptual Framework

Consolidated Financial Statements Date of Acquisition

Consolidated Financial Statements After Acquisition

Allocation and Depreciation of Differences Between Implied and Book Values

Elimination of Unrealized Profit on Intercompany Sales of Inventory

Elimination of Unrealized Gains or Losses on Intercompany Sales of Property and Equipment

Changes in Ownership Interest

Intercompany Bond Holdings and Miscellaneous Topics Consolidated Financial Statements

Insolvency Liquidation and Reorganization

International Financial Reporting Standards

Accounting for Foreign Currency Transactions and Hedging Foreign Exchange Risk

Translation of Financial Statements of Foreign Affiliates

Reporting for Segments and for Interim Financial Periods

Partnerships: Formation, operation and Ownership Changes

Partnership Liquidation

Introduction to Fund Accounting

Introduction to Accounting for State and Local Governmental Units

Accounting for Nongovernment Nonbusiness Organizations: Colleges and Universities, hospitals, and Other Health Care Organizations

Filters

Exam 2: Accounting for Business Combinations

SFAS 141R requires that all business combinations be accounted for using:

The first step in determining goodwill impairment involves comparing the:

Introduction to Business Combinations and the Conceptual Framework

Consolidated Financial Statements Date of Acquisition

Consolidated Financial Statements After Acquisition

Allocation and Depreciation of Differences Between Implied and Book Values

Elimination of Unrealized Profit on Intercompany Sales of Inventory

Elimination of Unrealized Gains or Losses on Intercompany Sales of Property and Equipment

Changes in Ownership Interest

Intercompany Bond Holdings and Miscellaneous Topics Consolidated Financial Statements

Insolvency Liquidation and Reorganization

International Financial Reporting Standards

Accounting for Foreign Currency Transactions and Hedging Foreign Exchange Risk

Translation of Financial Statements of Foreign Affiliates

Reporting for Segments and for Interim Financial Periods

Partnerships: Formation, operation and Ownership Changes

Partnership Liquidation

Introduction to Fund Accounting

Introduction to Accounting for State and Local Governmental Units

Accounting for Nongovernment Nonbusiness Organizations: Colleges and Universities, hospitals, and Other Health Care Organizations

Filters