According to SFAS No. 141, Pooling of Interest Method for business combinations LO Is preferred to the purchase method. Is allowed for all new acquisitions. is no longer allowed for business combinations after June 30, 2005. Is no longer allowed for business combinations after December 31, 2001. O is only allowed for large corporate mergers like Exxon and Mobil Which of the following circumstances would require a write-down of goodwill? O A decline in the fair market value of the related subsidiary. A permanent impairment of value associated with the goodwill. O A decline in the fair market value of the related reporting unit O A decline in the fair market value of the parent company An extraordinary loss event experienced by the related reporting unit. Which statement is true concerning unrealized gains in inventory transfers using the equity method? The investor and investee make reciprocal entries to defer and realize inventory profits. The same adjustments are made for upstream and downstream transfers. Different adjustments are made for upstream and downstream transfers. O No adjustments are necessary None of the above, FASB Statement No. 158 requires an employer to recognize a liability on the Balance sheet that reflects which of the following? O unfunded accumulated benefit obligation. unfunded projected benefit obligation fair value of pension plan assets. O accrued pension costs