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LSDefine

Simple English definitions for legal terms

pooling of interests

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A quick definition of pooling of interests:

Pooling of interests: A way of combining two companies where the acquiring company records the assets of the acquired company at their original cost. This method does not create a separate account for goodwill.

A more thorough explanation:

Definition: Pooling of interests is a method of accounting used in mergers, where the acquiring company records the assets of the acquired company on their books at their original cost. This method does not create a goodwill account.

Example: Company A acquires Company B for $10 million. Under the pooling of interests method, Company A records the assets of Company B on their books at their original cost, without creating a goodwill account. This means that the value of the assets on Company A's books will be the same as the value of the assets on Company B's books before the acquisition.

Explanation: The pooling of interests method is used to simplify the accounting process in mergers. It assumes that the two companies are combining as equals, and therefore, the assets of the acquired company are recorded at their original cost. This method does not create a goodwill account, which is the difference between the purchase price and the fair market value of the acquired company's assets. This method is no longer allowed under current accounting standards.

pooling clause | Poor Law

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Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
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