Business, 01.09.2020 23:01 letsgetcookingblog

On September 1, Mountainview Company acquired all of the outstanding common stock of Ward Company in a business combination accounted for as a pooling of interests. Both companies have a December 31 year-end and have been operating for five years. Consolidated net income for the year ended December 31 should include 12 months of net income foronly Mountainview. only Ward. neither Mountainview nor Ward. both Mountainview and Ward. Mountainview and Ward (if Ward's net income is at least 30% of consolidated net income).

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On September 1, Mountainview Company acquired all of the outstanding common stock of Ward Company in...