_____ The push-down basis of accounting does not make sense if the subsidiary

Question

Quizplus · Accepted Answer

The push-down basis of accounting can be applied regardless of the percentage of ownership, whether the subsidiary is consolidated or not, the method of acquisition (including leveraged buyouts), and whether the subsidiary presents its separate financial statements to its lenders. It involves recording the purchase accounting adjustments in the books of the acquired entity rather than in the consolidating entries of the acquirer, making sense in various scenarios, not limited by the conditions listed in options A, B, C, and D.

_____ the Push-Down Basis of Accounting Does Not Make Sense