Advanced Accounting 7th Edition Jeter Test Bank
Test Bank for Advanced Accounting 7th Edition Debra C. Jeter, Paul K. Chaney, ISBN: 1119373255, ISBN: 9781119373254
TABLE OF CONTENTS
Chapter 1: Introduction to Business Combinations and the Conceptual Framework
Chapter 2: Accounting for Business Combinations
Chapter 3: Consolidated Financial Statements-Date of Acquisition
Chapter 4: Consolidated Financial Statements After Acquisition
Chapter 5: Allocation and Depreciation of Differences Between Implied and Book Values
Chapter 6: Elimination of Unrealized Profit on Intercompany Sales of Inventory
Chapter 7: Elimination of Unrealized Gains Or Losses on Intercompany Sales of Property and Equipment
Chapter 8: Changes in Ownership Interest
Chapter 9: Intercompany Bond Holdings and Miscellaneous Topics—Consolidated Financial Statements
Chapter 10: Insolvency—Liquidation and Reorganization
Chapter 11: International Financial Reporting Standards
Chapter 12: Accounting for Foreign Currency Transactions and Hedging Foreign Exchange Risk
Chapter 13: Translation of Financial Statements of Foreign Affiliates
Chapter 14: Reporting for Segments and for Interim Financial Periods
Chapter 15: Partnerships: Formation, Operation, and Ownership Changes
Chapter 16: Partnerships: Formation, Operation, and Ownership Changes
Chapter 17: Introduction to Fund Accounting
Chapter 18: Introduction to Accounting for State and Local Governmental Units
Chapter 19: Accounting for Nongovernment Nonbusiness Organizations: Colleges and Universities, Hospitals and Other Health Care Organizations
Package Title: Test Bank Questions
Course Title: Advanced Accounting, 6e
Chapter Number: 1
Question Type: Multiple Choice
1) Stock given as consideration for a business combination is valued at:
a) fair market value
b) par value
c) historical cost
d) None of these
Answer: a
Question Title: Test Bank (Multiple Choice) Question 01
Difficulty: Medium
Learning Objective: 6 Indicate the factors used to determine the price and the method of payment for a business combination.
Section Reference: 1.8
2) Which of the following situations best describes a business combination to be accounted for as a statutory merger?
a) Both companies in a combination continue to operate as separate, but related, legal entities.
b) Only one of the combining companies survives and the other loses its separate identity.
c) Two companies combine to form a new third company, and the original two companies are dissolved.
d) One company transfers assets to another company it has created.
Answer: b
Question Title: Test Bank (Multiple Choice) Question 02
Difficulty: Easy
Learning Objective: 5 Distinguish between an asset and a stock acquisition.
Section Reference: 1.5
Advanced Accounting 7th Edition Jeter Test Bank
