Which of the Following Statements Is True About Pooling of Interests

question 22

Multiple Choice

Which of the following statements is true about pooling of interests method of accounting for business combinations?

• A)The pooling of interests method is no longer acceptable under IFRS.
• B)Goodwill arises only when the pooling of interests method is used for business combinations.
• C)Pooling of interests is used for international consolidations but never for domestic consolidations.
• D)The purchase method is used only when less than 100% of an entity's voting shares are acquired.

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Definitions:

GPS Tracking

The use of Global Positioning System technology to ascertain the precise location of a person, vehicle, or other asset to which it is attached.

Consent

An agreement or permission for something to happen or someone to do something, often given explicitly by speaking or writing.

Nonwork Information

Information pertaining to an individual's life and activities outside of their workplace or professional responsibilities.

Employees' Lives

Refers to the personal and professional aspects of an employee's existence, including health, work-life balance, and overall well-being.