答案和详解如下： Q14. In most situations, when the IAS accounting method allows for a choice between the equity method and proportionate consolidation, the use of the equity method will result in: A) ROA being higher and leverage being higher than under proportionate consolidation. B) ROA being lower and leverage being higher than under proportionate consolidation. C) ROA being higher and leverage being lower than under proportionate consolidation. Correct answer is C) In most cases, the choice of the equity method will result in leverage being lower, net profit margin being higher, and ROA being higher than would be the case under proportionate consolidation. Q15. Under the purchase method of accounting for a merger or acquisition, if the fair market value of the tangible assets is less than the purchase price, the excess purchase price is: A) attributed to goodwill, which is depreciated over the estimated remaining life. B) proportionately allocated across all tangible assets, which is depreciated over their estimated remaining life. C) attributed to separately identifiable tangible and intangible assets, which the tangible assets are depreciated over their estimated remaining life. Correct answer is C) The excess purchase price will be allocated to separately identifiable tangible and intangible assets. The tangible assets are depreciated accordingly. Any excess remaining value is attributed to goodwill which may also be created but is not amortized under either U.S. or international standards. Q16. Which of the following statements regarding the pooling of interests method of accounting for a merger or acquisition is least
accurate? A) The pooling of interests method combines two companies using fair market values at the time of the transaction. B) Ownership interests continue and former accounting bases are maintained. C) Operating results for prior periods are restated as though the two firms always operated as a single entity. Correct answer is A) Under the pooling of interests method, accounting book value, not fair market value, is used in combining the two companies. Q17. Which of the following statements regarding the differences between the purchase method of accounting for mergers and acquisitions and the pooling of interests method is least accurate? A) The purchase method recognizes one firm as being acquired by another, while the pooling of interests method views both participants as equals. B) The operating results of both companies prior to the acquisition are restated under the purchase method, but are not restated under the pooling of interests method. C) The underlying cash flows and economics of a merger or acquisition are same whether the purchase or the pooling of interests method is utilized. Correct answer is B) Operating results are restated under the pooling of interests methods but not the purchase method. | 
发表于 2009-1-7 15:35
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