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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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