Purchase accounting is less commonly used for acquisitions than pooling-of interest accounting.

Name: Purchase accounting is less commonly used for acquisitions than pooling-of interest accounting.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Purchase accounting is actually more commonly used for acquisitions than pooling-of-interest accounting. Pooling-of-interest accounting was discontinued in 2001, and since then, purchase accounting has become the standard method for accounting for acquisitions.

Purchase Accounting Is Less Commonly Used for Acquisitions Than Pooling-Of