Which of the Following Statements Regarding the Pooling of Interests

Multiple Choice

Which of the following statements regarding the Pooling of Interests Method is false?

A) It will result in a higher net income being shown when the Fair Market Values of a company's assets exceeds its book values.
B) It is currently the required method for accounting for Business Combinations in Canada when an acquirer cannot be identified)
C) It is more widely used in the United States than in Canada)
D) The Purchase Method was created under the assumption that all parties involved in a Business Combination would essentially be considered equal.