Describe the Two Types of Privilege Escalation

question 8

Essay

Describe the two types of privilege escalation.

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Definitions:

Acquisition Method

An accounting approach used for consolidating the financial statements of two companies when one acquires control of the other.

Goodwill

A non-material asset occurring from the acquisition of a company at a premium above the fair valuation of its identifiable net assets.

Consolidated Balance Sheet

A financial statement that aggregates the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries.

Acquisition Method

An accounting technique used to record the financials of a company that has been purchased by another company.