Which of the Following Statements Is Correct

question 29

Multiple Choice

Which of the following statements is correct?

• A) Companies may choose between the New Entity Method and the Acquisition Method when accounting for business combinations.
• B) The only acceptable method of accounting for business combinations is the New Entity Method.
• C) The only acceptable method of accounting for business combinations is the Acquisition Method.
• D)The New Entity Method can only be used when Cash is the sole consideration offered by the acquirer in a business combination.

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Definitions:

Achievement Motivation

An individual's drive to excel or achieve success in tasks, reflecting a desire for significant accomplishment, mastery of skills, or control over standards of excellence.

Intrinsic Motivation

Motivation that is driven by an interest or enjoyment in the task itself, rather than relying on external pressures or rewards.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise, rather than by intrinsic rewards related to the activity itself.

Self-Disclosure

The process by which individuals communicate personal, private information about themselves to others.