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Topic: acqusition method vs purchase method (

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cpacracker1974
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Joined: 28 Sep 2009
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Posts: 40

Posted: 22 Nov 2009 at 00:14 \| IP Logged

Thanks joecjr,

I am using the becker 2008. So the information was not updated for acquisition method. But I also looked through the SFAS 141R. So I can totally understand your point.

Both purchase method and acquisition method using fair value. In fact, when the combination involves goodwill, they have the same result, but when it comes to bargain purchase, the result is not the same? that is what confused me.

So far now, I have not met any bargain purchase question from consolidation. Are there any in the Wiley? Anyway, do not get confused by this question. Good Luck on your exam.

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snehakhabiya
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Joined: 21 Mar 2008
Location: United States
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Posts: 63

Posted: 28 Nov 2009 at 16:04 \| IP Logged

Is pooling of interest method to be studied?

__________________
BEC: 75
REG: 78
AUD: 86
FARE: November 30th

studyfreak
Major Contributor

Joined: 26 Sep 2009
Location: United States
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Posts: 481

Posted: 28 Nov 2009 at 16:13 \| IP Logged

snehakhabiya wrote:

Is pooling of interest method to be studied?

No. Only the acquisition method is permitted now.

__________________
REG - 91 - Gleim
FAR - 92 - Yaeger/Wiley
BEC - 83 - Yaeger/Wiley
AUD - 96 - Wiley/Gleim CD
Actively Licensed CPA - Michigan

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