If the acquired subsidiary has outstanding public debt or preferred stock, the SEC ____________ push down accounting.

A. Requires
B. Encourages, but does not require
C. Prohibits
D. Discourages, but does not prohibit

Ans: B. Encourages, but does not require

Business

You might also like to view...

Monty, a career criminal, steals a diamond from Prime Cut Jewelers. He then sells it to Adamas Jewelers, who is unaware of the stolen nature of the diamond

If Prime Cut discovers that the diamond is with Adamas, and reclaims the diamond, what warranty breach can Adamas declare to recover the cost from Monty? A) warranty against infringements B) warranty of no security interests C) warranty of no interference D) warranty of good title

Business

Something a database must do to fulfill its purpose is called a:

A) Requirement B) Procedure C) Report D) Form

Business