CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

Under ______, the ______ method should be used for acquisitions.

I. IFRS, acquisition.
II. U.S. GAAP, acquisition.
III. IFRS, pooling of interest.
IV. U.S. GAAP, pooling of interest.
V. IFRS, acquisition / pooling of interest.
VI. U.S. GAAP, acquisition / pooling of interest.
A. II and III
B. I and II
C. II and V
Explanation: Both require that the acquisition method should be used for acquisitions.

User Contributed Comments 2

User Comment
broadex Watch- the question is about Acquistions not Businesss Combinations. If it was business combinations then c would be the answer.
somk Under GAAP, Acquisitions are Business Combinations
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