FUNDAMENTALS OF ADVANCED ACCOUNTING
FUNDAMENTALS OF ADVANCED ACCOUNTING
7th Edition
ISBN: 9781260236101
Author: Hoyle
Publisher: MCGRAW-HILL CUSTOM PUBLISHING
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Chapter 2, Problem 36APA

a.

To determine

Find the respective consolidated values for Company S’s assets under the pooling method and the purchase method.

b.

To determine

Explain the way in which Company P account for Company S’s current year, but prior to acquisition, revenues and expenses under Pooling of interests method and purchase method.

c.

To determine

Explain the alternative impact of pooling versus purchase accounting on performance ratios such as return on assets and earnings per share in periods subsequent to the combination.

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