Which of the Following Statements Regarding the Pooling of Interests

question 15

Multiple Choice

Which of the following statements regarding the Pooling of Interests Method is false?

• A)It will result in a higher net income being shown when the Fair Market Values of a company's assets exceeds its book values.
• B)It is currently the required method for accounting for Business Combinations in Canada when an acquirer cannot be identified)
• C)It is more widely used in the United States than in Canada)
• D)The Purchase Method was created under the assumption that all parties involved in a Business Combination would essentially be considered equal.

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Definitions:

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of mental disorders by the American Psychiatric Association.

Paraphilia

A condition characterized by abnormal sexual desires, typically involving extreme or dangerous activities.

Paraphilic Disorder

Disorder characterized by atypical sexual activity that involves one of the following: (1) nonhuman objects, (2) nonconsenting adults, (3) the suffering or humiliation of oneself or one’s partner, or (4) children.

Hypersexual Disorder

A proposed disorder characterized by excessive preoccupation with sexual fantasies, urges, or behaviors that is not currently recognized in the main diagnostic manuals.