ACC 401 WEEK 2 QUIZ
ACC 401 Week 2 Quiz,
ACC 401 Week 2 Quiz
ACC 401 Week 2 Quiz
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ACC 401 Week 2 Quiz - Strayer
Chapter 1
Introduction to Business Combinations and the Conceptual Framework
Multiple Choice
Stock given as consideration for a business combination is valued at
fair market value
par value
historical cost
None of the above
fair market value
par value
historical cost
None of the above
Which of the following situations best describes a business combination to be accounted for as a statutory merger?
Both companies in a combination continue to operate as separate, but related, legal entities.
Only one of the combining companies survives and the other loses its separate identity.
Two companies combine to form a new third company, and the original two companies are dissolved.
One company transfers assets to another company it has created.
Both companies in a combination continue to operate as separate, but related, legal entities.
Only one of the combining companies survives and the other loses its separate identity.
Two companies combine to form a new third company, and the original two companies are dissolved.
One company transfers assets to another company it has created.
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