If Company A acquires Company B, required financial statement disclosures include all of the following except:
A)The effect of the change on net income.
B)The effect of the change on market share.
C)The effect of the change on income before extraordinary items.
D)The per share effects of the change.

Question

Quizplus · Accepted Answer

The required financial statement disclosures for an acquisition include the effect of the change on net income, income before extraordinary items and the per share effects of the change. However, market share is not typically a financial statement disclosure required in an acquisition.

If Company a Acquires Company B, Required Financial Statement Disclosures