There are many forms of business combinations that can occur, such as A acquiring the assets only of B, and B paying off the liabilities and then liquidating.Alternatively, A may acquire all the assets and only some of the liabilities of B, and B pays the remaining liabilities before liquidating. The number of possible arrangements is quite large.
What are the two exceptions where the requirements for accounting for a business combination are not used?

Question

Quizplus · Accepted Answer

The Answer of There are many forms of business combinations that can occur, such as A acquiring the assets only of B, and B paying off the liabilities and then liquidating.Alternatively, A may acquire all the assets and only some of the liabilities of B, and B pays the remaining liabilities before liquidating. The number of possible arrangements is quite large.
What are the two exceptions where the requirements for accounting for a business combination are not used?

There Are Many Forms of Business Combinations That Can Occur