Faculty

Corporate Accounting MCQs: 765 Questions & Answers in Faculty

765 Corporate Accounting MCQs in Faculty with answers & explanations. Page 37. Practice objective questions for competitive exams, interviews & self-assessme… Use the answer toggle below to show or hide all solutions, tap an option to check one question, or open a question for its own page.

Page 37 of 39

Show answers

Answers hidden — tap an option or use “View Answer” on each question.

721

Corporate Accounting MCQs: 765 Questions & Answers in Faculty

……………….is the amount payable by the purchasing companies to the vendor company for taking over the business of vendor company.

In the case of ………………………. only one of the combining companies survives and the other losses its separate identity.

As per AS–14 purchase consideration is what is payable to

For amalgamation in the nature of merger, the shareholders holding at least ______ or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company.

A Ltd. and B Ltd. go into liquidation and a new company X Ltd. is formed. It is a case of:

The vendor company transfers preliminary expenses (at the time of absorption) to:

In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration, surrenders the shares in the vendor company by crediting:

The share capital, to the extent already held by the purchasing company, is closed by the vendor company by crediting it to:

The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co.

Hitesh Ltd.’s purchase consideration is Rs.12,345 and Net Assets Rs.3,568, then..........

Net Assets minus Capital Reserve is _________

While calculating purchase consideration ............... values of assets is to be considered.

When the Net Assets are less than the Purchase Consideration, the difference will be

When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to

When the Vendor (seller) company agrees to bear liquidation expenses, it will debit

When the purchasing company bears the liquidation expenses, it will debit the expenses to

When purchasing company pays purchase consideration, it will be debited to

In amalgamation of two companies

In case of .............., one existing company takes over the business of another company and no new company is formed.

If the intrinsic values of shares exchanged are not equal, the difference is paid in ...........

Study tips for Corporate Accounting