Accounting Changes by the Financial Accounting Standards Board (FASB) in the US

Multiple Choice

Accounting changes by the Financial Accounting Standards Board (FASB) in the US:

A) eliminated the "purchase method," allowing only the "pooling-of-interests" method for mergers and acquisitions
B) eliminated the "pooling-of-interests" method, allowing only the "purchase method" for mergers and acquisitions
C) allow for both the "purchase method" and the "pooling-of-interests" method for mergers and acquisitions
D) none of the above