ACCOUNTING 11
Midwestern State University
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TEST BANK FOR ADVANCED ACCOUNTING 11TH EDITION BY FISCHER
- Exam (elaborations) • 571 pages • 2023
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Chapter 1 — Business Combinations: America's Most Popular 
Business Activity, Bringing an End to the Controversy 
MULTIPLE CHOICE 
1. An economic advantage of a business combination includes 
a. Utilizing duplicative assets. 
b. Creating separate management teams. 
c. Coordinated marketing campaigns. 
d. Horizontally combining levels within the marketing chain. 
ANS: C DIF: E OBJ: 1 
2. A tax advantage of business combination can occur when the existing 
owner of a company sells out and recei...
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