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Advanced Accounting, 7th Edition Debra C. Jeter, Paul K. Chaney Test bank


Advanced Accounting, 7th Edition Debra

Advanced Accounting

( Test Bank)

Advanced Accounting, 7th Edition Debra C. Jeter, Paul K. Chaney Test bank

Edition: 12thEdition

Author Name:Debra C. Jeter, Paul K. Chaney

contact:

Whatsapp +1 (949) 734-4773

 

for the Facebook page click here 

 

for more books  for  ( Test Bank and Solution Manual) click here

 

For a Solutions Manual click here

 

$39.00 $50.00

Advanced Accounting, 7th Edition Debra

Advanced Accounting

( Test Bank)

Advanced Accounting, 7th Edition Debra C. Jeter, Paul K. Chaney Test bank

Edition: 12thEdition

Author Name:Debra C. Jeter, Paul K. Chaney

contact:

Whatsapp +1 (949) 734-4773

 

for the Facebook page click here 

 

for more books  for  ( Test Bank and Solution Manual) click here

 

For a Solutions Manual click here

 

sample free for ch 1 and 2

 

Advanced Accounting, 7th Edition Debra C. Jeter, Paul K. Chaney Test bank

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Package Title: Test Bank Questions

Course Title: Advanced Accounting, 7e

Chapter Number: 1

 

 

Question Type: Multiple Choice

 

 

1) A(n) ______ occurs when the operations of two or more companies are brought under common control.

 

  1. a) tender offer
  2. b) vertical combination
  3. c) operating synergy
  4. d) business combination

 

Answer: d

 

Question Title: Test Bank (Multiple Choice) Question 01

Difficulty: Easy

Learning Objective: 1 Describe historical trends in types of business combinations.

Section Reference: 1.1

 

2) Which of the following situations best describes a business combination to be accounted for as a statutory merger?

 

  1. a) Both companies in a combination continue to operate as separate, but related, legal entities.
  2. b) Only one of the combining companies survives and the other loses its separate identity.
  3. c) Two companies combine to form a new third company, and the original two companies are dissolved.
  4. d) One company transfers assets to another company it has created.

 

Answer: b

 

Question Title: Test Bank (Multiple Choice) Question 02

Difficulty: Easy

Learning Objective: 5 Distinguish between an asset and a stock acquisition.

Section Reference: 1.5

 

 

3) A firm can use which method of financing for an acquisition structured as either an asset or stock acquisition?

 

  1. a) Cash
  2. b) Issuing Debt
  3. c) Issuing Stock
  4. d) All of these

 

Answer: d

 

Question Title: Test Bank (Multiple Choice) Question 03

Difficulty: Easy

Learning Objective: 6 Indicate the factors used to determine the price and the method of payment for a business combination.

Section Reference: 1.5

 

 

4) The objectives of FASB 141R (Business Combinations) and FASB 160 (Noncontrolling Interests in Consolidated Financial Statements) are as follows:

 

  1. a) to improve the relevance, comparability, and transparency of financial information related to business combinations.
  2. b) to eliminate the amortization of Goodwill.
  3. c) to facilitate the convergence project of the FASB and the International Accounting Standards Board.
  4. d) to improve the relevance, comparability, and transparency of financial information related to business combinations and to eliminate the amortization of Goodwill.

 

Answer: d

 

Question Title: Test Bank (Multiple Choice) Question 04

Difficulty: Medium

Learning Objective: 9 Discuss the Statements of Financial Accounting Concepts (SFAC).

Section Reference: 1.1

 

 

5) A business combination in which the boards of directors of the potential combining companies negotiate mutually agreeable terms is a(n):

 

  1. a) agreeable combination.
  2. b) friendly combination.

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