Ask Experts Questions for FREE Help !
Ask
    jenniferbrumley's Avatar
    jenniferbrumley Posts: 2, Reputation: 1
    New Member
    		  
    #1

    May 16, 2007, 08:40 PM
    Pooling of interests
    Which of the following statements is true?
    Pooling of interests is acceptable provided the twelve criteria required by the APB are met.
    Pooling of interests is no longer acceptable as stated in SFAS No. 141, “Business Combinations.”
    Companies that used pooling of interests method in the past must make a retroactive accounting change in accounting principle.
    Companies that used pooling of interests method in the past must make a cumulative effect accounting change in accounting principle.
    Companies that used pooling of interests in the past must make a prospective change in accounting principle.

Check out some similar questions!

Reporting Interests in tax return [ 3 Answers ]

Hi again, I have some savings which earned some interest in 2006. Do I need to report this in my tax return, regardless of the amount? I do not work, but is considered a resident alient for tax purposes. One of my husband's banks is requesting him to fill up W8-BEN but I think he needs to...

Water Pooling around furnace [ 3 Answers ]

Manufacturer: Rheem Age of equipment: 8 Years Efficiency: Natural gas, 90% Plastic flue pipes. Type of system: forced air

Water is pooling in the bottom of my fridge [ 3 Answers ]

Hi, I think the tube to the drain pan must be clogged because in at back of the fridge at the top I can see where the water drips from the freezer into the tube and the little collector or basin for the water to run into the tube is completely full of water at times. Most of the time the...

Part year resident for MA : bank interests [ 1 Answers ]

Hello, The instructions for form 1-NR/PY ( I am a Mass. Part-year resident) say on page 9: "Income: Lines 5 through 11, 24, 27 and 28 If you earned only a portion of the income you reported on your U.S. return while you were a Massachusetts legal resident, subtract from your U.S. income the...

Penalties and interests [ 1 Answers ]

Is there anyway to know from IRS directly how much money you own in interests and penalties for overdue taxes right away without waiting to get a bill in the mail ? I know that there are software that will allow you to calculate estimated penalities and interests but I am talking to know the...

View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.