Multiple Choice
Which of the following methods of accounting for a business combination assumes that the parent company purchases the subsidiary and must account for the acquisition as it would for the acquisition of any asset?
A) Pooling of interests
B) The purchase method
C) The new entity approach
D) Proportionate consolidation
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The equity method is questionable in terms
Q2: In the terminology suggested by the FASB,
Q3: What is "one-line consolidation," and when is
Q4: SPEs were widely used by U.S. companies
Q5: The key question addressed by SFAS No.
Q7: The pooling of interests consolidation method has
Q8: A FASB survey found that most enterprises
Q9: Which of the following is not a
Q10: SFAS No. 52 adopted a currency U.S.
Q11: The equity method is the required reporting