Which of the Following Statements Regarding Accounting in the Records

question 50

Multiple Choice

Which of the following statements regarding accounting in the records of the acquiree is FALSE?

• A)Where the acquirer purchases the acquiree's assets and liabilities, the acquiree may continue in existence or it may liquidate.
• B)If the acquiree subsequently decides to liquidate, it transfers the cash remaining to the shareholders as a liquidating dividend.
• C)When the acquirer buys only shares in the acquiree from the shareholders of the acquiree, there are no entries in the records of the acquiree because the transaction is between the acquirer and the shareholders of the acquiree entity.
• D)Where the acquirer purchases the acquiree's assets and liabilities, the acquiree must liquidate.

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Definitions:

Biological Model

A perspective in psychology and psychiatry that attributes complex phenomena, including mental disorders, to biological factors.

Cortex

The outer layer of the brain, responsible for higher-order functions such as thought, memory, and decision-making.

Brain

The organ in the head of living beings that controls thought, memory, feelings, and activity, central to the nervous system.

Models of Abnormality

Theoretical frameworks used to understand the causes and treatment of mental health disorders, including biological, psychological, and social factors.