Which of the Following Statements Is False Regarding Push-Down Accounting

Multiple Choice

Which of the following statements is false regarding push-down accounting?

A) Push-down accounting simplifies the consolidation process.
B) Fewer worksheet entries are necessary when push-down accounting is applied.
C) Push-down accounting provides better information for internal evaluation.
D) Push-down accounting must be applied for all business combinations under a pooling of interests.
E) Push-down proponents argue that a change in ownership creates a new basis for subsidiary assets and liabilities.