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In: Accounting

The merger between United Airlines and Continental Airlines. Although the merger was initiated in 2010 many...

The merger between United Airlines and Continental Airlines. Although the merger was initiated in 2010 many issues still exist today in 2020 related to that merger.

What accounting method was used to account for the merger of Continental and United? What are the reporting implications?

The answer needs to be 3-5 sentences with examples please

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