Using the Preceding Information,what Amount Would Have Been Expensed If

question 15

Multiple Choice

Using the preceding information,what amount would have been expensed if the pooling-of-interests method of accounting was used?

• A)$0
• B)$19,000
• C)$53,000
• D)$72,000

---

Definitions:

Voting Rights

The entitlement of individuals to participate in the election of government officials and to have their vote counted.

Pre-incorporation Contracts

Agreements entered into on behalf of a corporation that has not yet been legally formed, often leading to questions about enforceability.

Ratification

When the majority agrees with the terms of a collective bargain; when a principal confirms a contract entered into by his agent.

Promoters

Individuals or organizations that undertake the founding and organization of a corporation by arranging for its financing, registration, and public offering.