Question
Help me with these questions. Thanks TRUE/FALSE 1. Return on assets was lower in a pooling than in a purchase transaction.__________ 17. A write-up of
Help me with these questions. Thanks
TRUE/FALSE
1. Return on assets was lower in a pooling than in a purchase transaction.__________
17. A write-up of current assets, land, liabilities, and long-term investments in marketable securities are permitted only when there is sufficient excess of cost over book value.___________
18. The non-controlling interest (NCI) should be presented by means of footnotes to the consolidated balance sheet.____________
19. When the acquiring company purchases over 50% of the outstanding voting common stock from the stockholders of a company, it gains control over the assets indirectly.___________
20. The price paid in a bargain purchase might exceed the recorded book value of the subsidiarys assets._________
21. So long as the price paid is high enough, all subsidiary assets are adjusted 100% of the way fair value regardless of the parent ownership percentage.____________
22. It is possible that a parent would have to consolidate a company even if it owned les that 50% of the voting common stock.__________
23. In a 100% purchase, goodwill can only exist if all other accounts are first adjusted to full fair value.___________
24. The non-controlling interest (NCI) can be shown between liabilities and equity.______________
25. The value analysis schedule is prepared to determine goodwill or gain.____________
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