alleryStart learning →In AS 14, what is the company that is amalgamated into another called?
ATransferee company
BTransferor company
CSubsidiary company
DAcquiring company
Answer & Solution
Correct answer: B. Transferor company
The company merged away into another entity is labelled the transferor, since its business is transferred.
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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?