Question

Transferee company as per AS- 14 is
A. vendor company
B. new company
C. liquidated company
D. purchasing company​

Answer 1

Answer:

purchasing company

Explanation:

Under the purchase method, the transferee company accounts for the amalgamation either by incorporating the assets and liabilities at their existing carrying amounts or by allocating the consideration to individual identifiable assets and liabilities of the transferor company on the basis of their fair values at the ...