2. What might be the source of synergies? Synergies might come from purchase and installation of new software and use of apps. Synergies might come from renewable energy sources like windmills and solar panels, recycling cans and bottles, and saving the spotted owl. Synergies might come from a reduced regulatory burden, trade associations and more effective lobbies. Synergies might come from market dominance and name recognition, economies of scale, reduced administrative costs, broadening the product line, reduced competition, or some other industry specific factor. Question 3 1.6 pts 3. Why is it useful to reformat target and comparable company income statements to a simplified, standardized format? Reformatting is good way to increase revenue. There are so many options in accounting that no two companies present their financial information in exactly the same way. Reformatting is a good way to increase apparent profits. Reformatting is a good way to eliminate excess costs