Mergers and Acquisitions Paper 9

1

Combined statements may be used to present the results of operations of
Companies under common management
Commonly controlled companies






2

Which of the following items should be treated in the same manner in both combined financial statements and consolidated statements?
Income taxes
Noncontrolling interest






3

Which of the following items should be treated in the same manner in both combined financial statements and consolidated statements?
Different fiscal periods
Foreign operations






4

Under IFRS the asset goodwill may be recognized






5

Under IFRS a parent may exclude a subsidiary from consolidation only if all of the following conditions exist, except






6

A parent company sold a subsidiary to a group of managers of the subsidiary. The purchasing group invested $1 million and borrowed $49 million against the assets of the subsidiary. This is an example of a






7

The acquisition of a retail shoe store by a shoe manufacturer is an example of






8

A horizontal merger is a merger between






9

A soft drink producer acquiring a bottle manufacturer is an example of a






10

A shoe manufacturing firm acquiring a brokerage house is an example of a






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