When considering an acquisition, which of the following is NOT a method by which one company may gain control of another company? Purchase of the majority of outstanding voting stock of the acquired company. Purchase of all the outstanding voting stock of the acquired company. Purchase of all assets and liabilities of another company. Purchase of 25% of outstanding voting stock of the acquired company. The GAAP defines the accounting concept of a business combination as a transaction or other event in which an acquirer obtains control of one or more businesses. True False Which method of accounting will generally be used when one company purchases between 20% to 50% of the outstanding stock of another company? The GAAP prescribed the equity method may be used. The GAAP prescribed the fair value method may be used. Only the fair value method may be used. Only the equity method may be used