alleryStart learning →In AS 14, which company is the one into which another company is amalgamated?
AAcquired company
BTransferee company
CTransferor company
DHolding company
Answer & Solution
Correct answer: B. Transferee company
The company that absorbs the other is the transferee, while the one that disappears is the transferor.
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Related questions
In a merger, the Profit and Loss balance can alternatively go to which reserve?Consideration for amalgamation is the aggregate of securities issued and what else?AS 14 defines fair value as the amount for an asset exchange between whom?Statutory reserves keep their identity only when the transferee complies with what?When can amalgamation goodwill be amortised beyond five years?In the pooling method, conflicting accounting policies are handled how?In merger accounting, resultant assets, liabilities, capital and reserves roughly equal whIf a scheme departs from AS 14 on reserves, what must be disclosed?