Currently,mergers in Canada can be accounted for using either the purchase method or the pooling method.

Name: Currently,mergers in Canada can be accounted for using either the purchase method or the pooling method.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

As of the current standards, the pooling of interests method is no longer allowed for accounting for mergers in Canada. The Canadian accounting standards now require the use of the acquisition method (previously known as the purchase method) for business combinations.

Currently,mergers in Canada Can Be Accounted for Using Either the Purchase