What is the pooling method of accounting?
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Asked By: Giovanni Pollich
Date created: Sun, Apr 11, 2021 8:33 AM
Date updated: Mon, Dec 19, 2022 7:38 AM
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Top best answers to the question «What is the pooling method of accounting»
Pooling of interests is a method of accounting where the assets, liabilities, and reserves of two combining business entities are summed and then recorded at their historical values… Pooling of interests is often employed in mergers, while the purchase method is used in the case of acquisitions.