Distinguish between pooling of interests method and purchase method.

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

See More Books

Question Posted: Aug 17, 2023 02:23 PM

See More Questions

What are the differences between the purchase method and the pooling of interests method of accounting for mergers?
What are the limitations of pooling of interests method ?
On February 1, Piscina Corporation completed a combination with Swimwear Company accounted for as a pooling of interests. At that date, Swimwears account balances were as follows: Piscina issued...
In your own words, define or explain the terms or symbols (a) (b) [ ]; (c) Spectator ion; (d) Weak acid.
Dravid, Inc., is currently evaluating three projects that are independent. The cost of funds can be either 13.6 percent or 14.8 percent depending on their financing plan. All three projects cost the...
What four factors can become the basis for a pricing program?
Calculate the amount of futures contracts you need to sell to hedge the interest-rate risk on your holdings of $$4$ million of T-bonds. Assume each contract currently sells for $125,000.
Watkins Corporation began operations on January 1, 2013. The 2013 and 2014 schedules of inventory purchases and sales are as follows: Complete the following schedule, and briefly discuss the...
(in thousands, except per share amounts) Assets Current assets: February 1, 2020 February 2 2019 Cash and cash equivalents 361,930 $ 333,330 Short-term investments (available for sale) 55,000 92,135...
The following is the Balance Sheet of B Company Ltd. as on 31st March, 2016: All the assets were independently valued at 13,80,000. The company earned net profits for the last five years as follows :...
Under pooling of interests method, all costs associated with the amalgamation are A. Capitalised B. Expended as incurred C. None of the above.
Students like to engage in the Battle of the Sexes when it comes to whos the better driver. But which gender outnumbers the other on the road? The numbers may surprise you. Listed below is the number...
Which of the following is not typically a methodology to conceal the misuse of noncash assets? 1. Voiding sales at the warehouse liquidation location 2. Marking receiving documents as short 3....
One major difference between fraud and a mistake is: 1. Concealment 2. Cover-up 3. The act 4. Conversion (benefit to the perpetrator)
Which of the following is the least effective methodology to detect cash larceny? 1. Correlate cash shortage details to voids and customer discounts by employees to identify unusual activity. 2....
Of the following approaches, which is not used by investigators to obtain documents? 1. Voluntary consent 2. Search warrant 3. Jury ruling 4. Subpoena
Which statement regarding surveillance is least accurate? 1. Warrants apply to law enforcement only. 2. Audio capture is permitted in circumstances where video surveillance in also collected. 3. Once...
Outline the key points of the 12 ratios.
Explain how two samples can have the same mean but different standard deviations. Draw a bar graph that shows the two samples, their means an standard deviations as error bars. T S
True and False. Gross profit is to be divided between pre- and post-incorporation periods in sales ratio.
Profit prior to incorporation is the profit earned: (a). Between the date of incorporation and the date of commencement of business; (b). Between the date of purchase of business and the date of...
Explain the term Profits Prior to Incorporation.
How do visionary leaders cultivate a culture of collaboration within complex organizational structures, fostering an environment of trust, transparency, and mutual respect to harness the collective...
what ethical considerations did Amazon have to address when concerns were raised about poor working conditions and employee rights in its fulfillment centers, and how did the company respond to those...
A lookback straddle pays the holder the difference between the maximum and minimum stock price over a given period of time. (i) Explain why the holder is neutral about the direction of stock price...

Distinguish between pooling of interests method and purchase method.

Question:

Step by Step Answer:

The pooling of interests method and the purchase method also known as the acquisition method are two different accounting approaches that were used for handling business combinations in financial stat...View the full answer

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

Students also viewed these Business questions