Which of These Is NOT a Difference Between Carry Over

question 5

Multiple Choice

Which of these is NOT a difference between carry over accounting and acquisition accounting?

• A)Carry over accounting requires an acquisition date,acquisition accounting doesn't
• B)Carry over accounting does not recognise goodwill,acquisition accounting does
• C)Carry over accounting does not require revaluation of items at fair value,but acquisition accounting does
• D)Carry over accounting involves combining items at book value,whereas acquisition accounting requires combining at fair values.

---

Definitions:

Opportunity Cost

Losing out on potential advantages from multiple alternatives by committing to one.

Crude Oil

A naturally formed, crude oil substance made up of hydrocarbon accumulations and various organic compounds.

Tractors

Agricultural machinery used for plowing, tilling, planting, and similar tasks in farming, essential for modern agriculture.

Comparative Advantage

The ability of an entity to produce a particular good or service at a lower opportunity cost than another, supporting the basis for beneficial trade.