Using Push Down accounting is:
A)permissible under IFRSs.
B)is likely permissible under Canadian GAAP.
C)required for SEC registration in some cases.
D)will be presented in the financial statements when the information is meaningful.

Question

Quizplus · Accepted Answer

Push Down accounting is required for SEC registration in some cases, particularly when a company is acquired and the new basis of accounting is pushed down to the financial statements of the acquired company.

Using Push Down Accounting Is