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    Question

    The accounting for 'Amalgamation' of companies is dealt

    with under:
    A AS 14 Correct Answer Incorrect Answer
    B AS 17 Correct Answer Incorrect Answer
    C AS 21 Correct Answer Incorrect Answer
    D AS 23 Correct Answer Incorrect Answer

    Solution

    Accounting Standard (AS) 14, "Accounting for Amalgamations," specifies the accounting treatment for amalgamations (i.e., mergers and acquisitions) and the treatment of any resultant goodwill or capital reserve.

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