Question: Write short notes on the following: (a) Reverse acquisition (b) Slump sales under income tax act, 1961 (c) Goodwill vs. negative goodwill (d) Pooling of

Write short notes on the following:

(a) Reverse acquisition

(b) Slump sales under income tax act, 1961

(c) Goodwill vs. negative goodwill

(d) Pooling of interest vs. purchase method of accounting

(e) Contingent consideration

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a Reverse acquisition A reverse acquisition occurs when a smaller company acquires a larger company resulting in the smaller company becoming the legal acquirer and the larger company becoming the leg... View full answer

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