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Which entity should be identified as the accounting acquirer

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Reference no: EM13862193

Case - Who's in Charge?

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1. How should Phoenix account for its acquisition of 100 percent of equity interestsin Darwin and Thunderbird: as a merger of entities under common control or as abusiness combination?

2. If the merger of Phoenix, Darwin, and Thunderbird is a business combination, which entity should be identified as the accounting acquirer?

Reference no: EM13862193

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