From an analysis point of view, is pooling accounting or purchase accounting for a business combination preferable?

Question:

From an analysis point of view, is pooling accounting or purchase accounting for a business combination preferable? Explain with reference to the and income statement.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...