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If Sun Company acquired Star,Inc.in a pooling of interests transaction,the entry would have used which one of the following to account for the pooling?
Variances Reports
Financial reports that compare actual financial results to the budgeted or standard costs, highlighting deviations.
Promptness
The quality of acting quickly or within an expected timeframe.
Variable Overhead Rate
A metric that represents the variable costs incurred to operate a business, changing with the level of production or activity.
Fixed Overhead Rate
A set rate used to allocate fixed indirect costs of production to individual units or activity bases.
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