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The FASB issued a 2014 ASU that clarifies use of pushdown accounting. Which statement is true concerning this update? A. An acquired company is required
The FASB issued a 2014 ASU that clarifies use of pushdown accounting. Which statement is true concerning this update?
A. | An acquired company is required to use pushdown accounting. | |
B. | An acquiring company has the option to use pushdown accounting at the date of acquisition. | |
C. | If pushdown accounting is elected, the decision is irrevocable. | |
D. | An acquiring company can delay adoption of pushdown accounting to a date later than the date of acquisition. |
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