Where Pooling-Of-Interest Accounting Is Used

question 14

Multiple Choice

Where pooling-of-interest accounting is used

• A) accounts must be adjusted to fair value after the merger
• B) there is no goodwill
• C) the companies have no comparative earnings advantages over companies that use purchase accounting
• D) goodwill must be examined annually for impairment

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Definitions:

Positive Emotions

Feelings that are pleasant or desirable, such as joy, gratitude, love, and hope.

Positive Meaning

The significance or value attributed to something that is considered beneficial, encouraging, or desirable.

Gratitude

Gratitude is the feeling of appreciation or thanks towards people, situations, or experiences that contribute positively to one’s life.

Negative Emotions

Feelings that are generally considered to be harmful or unpleasant, such as sadness, anger, and fear, which can impact mental health and relationships.