A FASB Survey Found That Most Enterprises Entering into a Pooling

question 8

True/False

A FASB survey found that most enterprises entering into a pooling of interest believed that the combination would not have occurred if purchase accounting had been acquired.

---

Definitions:

Adjusting

The process of adapting or becoming accustomed to a new situation or environment.

Piagetian Terms

Concepts and terminology associated with the cognitive developmental theory of Swiss psychologist Jean Piaget, which focuses on how children's thinking evolves over time.

Accommodation

The process of adjusting or adapting cognitive schemas to integrate new information, or physical provisions made for housing.

Organization

The structured arrangement of components, applicable to entities ranging from businesses to biological systems, to achieve specific goals or functions.