Which method of accounting for business combinations is no longer permitted in Canada?
A)equity method.
B)purchase method.
C)consolidation method.
D)pooling-of-interests method.

Question

Quizplus · Accepted Answer

The pooling-of-interests method is no longer permitted in Canada since the adoption of International Financial Reporting Standards (IFRS). Under IFRS, business combinations must be accounted for using either the acquisition method or the predecessor method.

Which Method of Accounting for Business Combinations Is No Longer