Since 2001,which method of accounting for a business combination is required under U.S.GAAP?
A)pooling
B)purchase
C)Both purchase and pooling are allowed.
D)Purchase is required for transnational combinations,but pooling is allowed for domestic combinations.

Question

Quizplus · Accepted Answer

Since 2001, the purchase method of accounting for a business combination is required under U.S. GAAP. The pooling of interests method is no longer allowed.

Since 2001,which Method of Accounting for a Business Combination Is