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Consolidated Financial Statements Quiz

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Questions and Answers

What is the difference between a merger and an acquisition?

In a merger, two companies come together to form a third, while in an acquisition, one company simply buys another. (correct)

In a merger, ownership is complete, while in an acquisition, the transaction is known as a merger.

In a merger, one company buys another, while in an acquisition, two companies come together to form a third.

In a merger, the transaction is known as an acquisition, while in an acquisition, ownership is complete.

What was the total value of mergers and acquisitions reported by Thomson Financial in 2006?

$35 trillion

$35 billion

$3.5 trillion (correct)

$350 billion

Why do many companies make investments in mergers and acquisitions?

To downsize their workforce

To reduce their operational costs

To increase their debt ratio

To expand operations into new markets or new industries (correct)

What did Google acquire for $1.65 billion?

<p>YouTube</p> Signup and view all the answers

How has the recent recession impacted the trend of mergers and acquisitions?

<p>Reduced the trend</p> Signup and view all the answers

Study Notes

Mergers and Acquisitions

A merger is a combination of two or more companies into a new entity, while an acquisition is a purchase of one company by another.
The total value of mergers and acquisitions reported by Thomson Financial in 2006 was $3.9 trillion.
Many companies make investments in mergers and acquisitions to expand their product or service offerings, increase market share, and reduce competition.
Google acquired YouTube for $1.65 billion.
The recent recession has impacted the trend of mergers and acquisitions, with a significant decline in deal value and volume, as companies became more cautious and focused on cost-cutting and debt reduction.

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Description

Test your knowledge of the reporting of consolidated financial statements with this quiz. Explore concepts such as acquisitions, controlling interest, and the consolidation process.