Turkey Bowl Advanced Accounting

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Across
  1. 3. The process of combining two companies where one ceases to exist after acquisition
  2. 4. When the parent company sells inventory to the subsidiary company it is a _________ transaction
  3. 5. Company A owns 100% of Company B, Company B's transfer of inventory is
  4. 9. Combining financial statements of two companies
  5. 10. Revenue not earned yet is
  6. 12. Goodwill must be reviewed regularly for
Down
  1. 1. assets = ________ + equity
  2. 2. Transactions between companies in the same corporate group
  3. 6. A company that is controlled through ownership of another company
  4. 7. The excess amount paid, when purchasing a company, over the fair value of net identifiable assets.
  5. 8. The framework of rules and principles issued by FASB to guide financial reporting
  6. 11. The organization responsible for setting accounting standards in the United States
  7. 13. The organization that sets ethical standards and auditing guidelines for CPAs