It is a transaction or other event in which an acquirer obtains control of one or more businesses.

• Business Combination

• Merger

• Consolidation

• Controlling Interest

This is define as an integrated set of activities and assets capable of being conducted and managed for the purpose of providing a return directly to investors or other owners, members or participants.

• Business

• Transaction

• Isolated event

• Undertaking

An acquirer might obtain control of an acquiree in all of the following, except

• By transferring cash, cash equivalents and other assets

• By issuing equity interests

• By contract alone, even without consideration

• By acquiring interest in a joint venture

A business combination may be structed in all of the following, except

• One or more businesses become subsidiaries of an acquirer

• One entity transfers net assets to another entity

• A group of former owners of one of the combining entities obtain control of the combined entity

• An entity acquires assets that are not a business

It is a business combination in which all of the combining entities or businesses ultimately are controlled by the same party or parties both before and after the combination and that control is not transitory.

• Combination of entities or businesses under common control

• True merger

• Merger of equals

• Consolidation

What is the term for the business combination where all combining entities transfer their net assets to a newly formed entity?

• True merger

• Legal merger

• Roll up transaction

• Spin off

Which statement best describes the term control?

• The mutual sharing of risks and benifits

• The power to participate in the financial and operating policy decisions of an entity

• The holding of a significant proportion of the share capital in another entity

• The power to govern the financial and operating policies of an entity so as to obtain benefits from the activities

This is defined as the entity that obtains control of an acquiree.

• Acquirer

• Investor

• Shareholder

• Owner

This is defined as holders of equity interest of investor-owned entities, or members and participants in mutual entities.

• Shareholders

• Investors

• Owners

• Participants

An entity shall account for all business combinations by applying

• Acquisition method

• Pooling method

• Proportional consideration

• Equity method