Merger waves mean peaks of heavy activity followed by quiet troughs of few transactions.
Merger activities correlate with bull market and takes place mainly during economic expansions
than economic contractions
o The merger wave came about due
Briefly describe the process of computing a corporations taxable income
assuming the corporation must use GAAP to determine its book income. How
might the process differ for corporations not required to use GAAP for book
o To compute taxable in