BlizzardCraft erroneously treated the acquisition of Simco as a purchase transaction when it should have been a pooling of interests.
Simco should not have amortized goodwill previous to 2002.
Simco ' s goodwill should have been written off when purchased by BlizzardCraft in a one-time transaction.
The goodwill related to Simco may have been impaired during 2008.
64. All of the following represent a related entity to an organization except( Points: 4)
the president ' s son. an affiliate with common ownership. customers. primary owners.
65. All of the following represent equity issuance requiring prominent accounting, presentation and disclosure treatment, except( Points: 4)
stock with beneficial conversion features. Warrants issued to a consultant for services performed.
Preferred stock that is cumulative and par value is $ 0.50 per share.