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Basic Question 10 of 20
Under U.S. GAAP, the ______ method should be used for acquisitions.
B. pooling of interest
C. equity.
A. acquisition
B. pooling of interest
C. equity.
User Contributed Comments 5
| User | Comment |
|---|---|
| C2inOC | Unless we had a time machine |
| omf24 | I have a time machine. |
| sjurrens | Stewy does. |
| MOARMIXE | I have a DeLorean for sale |
| aruffo | I've got a police box |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe the classification, measurement, and disclosure under International Financial Reporting Standards (IFRS) for 1) investments in financial assets, 2) investments in associates, 3) joint ventures, 4) business combinations, and 5) special purpose and variable interest entities;
distinguish between IFRS and US GAAP in their classification, measurement, and disclosure of investments in financial assets, investments in associates, joint ventures, business combinations, and special purpose and variable interest entities;
analyze how different methods used to account for intercorporate investments affect financial statements and ratios.
CFA® 2025 Level II Curriculum, Volume 2, Module 10.