Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

pooling of interests

Read a random definition: freeze-out

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.