Mergers
Authored by Gokilavani S
Arts
Professional Development
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As per AS – 14 purchase consideration is what is payable to
Shareholders
Creditors
Debenture holders
Shareholders and Debenture holders
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When amalgamation is in the nature of merger, the accounting method to be followed is:
(a) Equity method
(b) Purchase method
(c) Pooling of interests method
(d) Consolidated method
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When amalgamation is in the nature of Purchase, the accounting method to be followed is:
(a) Equity method
(b) Purchase method
(c) Pooling of interests method
(d) Consolidated method
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under pooling of interest method the difference between the purchase consideration and share capital of the transferee company should be adjusted to:
(a) General reserve
(b) Amalgamation adjustment account
(c) Goodwill or capital reserve
(d) None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under purchase method the difference between the purchase consideration and share capital of the transferee company should be adjusted to:
(a) General reserve
(b) Amalgamation adjustment account
(c) Goodwill or capital reserve
(d) None of the above
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