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Reporting Alternatives and International Harmonization Accounting procedures for business combinations historically have differed across countries. Pooling-of-interests, for many years a preferred method in the United
Reporting Alternatives and International Harmonization Accounting procedures for business combinations historically have differed across countries. Pooling-of-interests, for many years a preferred method in the United States, was not acceptable in most countries. In some countries, accounting standards permit goodwill to be written off directly against stockholders equity at the time of a business combination.
Should U.S. companies care about accounting standards other than those that are generally accepted in the United States? Explain.
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