Answer of the following discussion questions (please be detail and your response):
A. Discuss the criteria for utilizing the equity method. Include in your discussion the limitations of the equity method applicability, extensions of the equity method applicability, and the criticisms of the equity method.
B. Define the term "Business Combinations" and differentiate across the five primary forms of business combinations discussed in our text. Include in your discussion the type of combination, the action of the acquiring company and the action of the acquired company.
C. Discuss the application of the acquisition method for business combinations including a discussion of the three primary components being recognized and measured.