With Which of the Following Methods of Accounting for a Business

question 29

Multiple Choice

With which of the following methods of accounting for a business combination does a minority interest category not arise?

• A)Pooling of interests
• B)The purchase method
• C)The new entity approach
• D)Proportionate consolidation

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Definitions:

Market-Determined Quantity

The quantity of a good or service established through the interaction of supply and demand in a marketplace.

Coal Mine Pollution

Environmental damage caused by the mining and processing of coal, including air and water pollution.

Marginal Social Benefit

The extra benefit that society receives from consuming an additional unit of a good or service.

Production Process

The sequence of operations or steps taken to produce a good or deliver a service.