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Cardinal is acquiring 100% of Gold. Question1 Describe 3 examples in accounting/financial reporting that are...

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Accounting

Cardinal is acquiring 100% of Gold.

Question1 Describe 3 examples in accounting/financial reporting that are different when:

(1) Gold is dissolved immediately after the acquisition and does not continue as a legal entity; and

(2) Gold continues as an independent legal entity.

Question 2: Describe 2 examples in accounting/financial reporting that are the same when:

(1) Gold is dissolved immediately after the acquisition and does not continue as a legal entity; and

(2) Gold continues as an independent legal entity.

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