Test Bank Advanced Accounting 9e by Fischer
Rasmussen College
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Test Bank Advanced Accounting 9e by Fischer. Questions and Answers.
- Exam (elaborations) • 826 pages • 2021
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1. An economic advantage of a business combination includes 
a. Utilizing duplicative assets. 
b. Creating separate management teams. 
c. Coordinated marketing campaigns. 
d. Horizontally combining levels within the marketing chain. 
ANS: C DIF: E OBJ: 1 
2. A tax advantage of business combination can occur when the existing 
owner of a company sells out and receives: 
a. cash to defer the taxable gain as a "tax-free reorganization." 
b. stock to defer the taxable gain as a "tax-free reorgani...
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