Assessment 4 (page 3 of 15)

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University of South Africa *

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2602

Subject

Accounting

Date

Nov 24, 2024

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pdf

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1

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07/11/2023, 18:25 Assessment 4 (page 3 of 15) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14460852&cmid=588587&page=2 1/1 FAC2602-23-S2 Welcome to FAC 2602 Assessment 4 Question 3 Not yet answered Marked out of 3 QUIZ This assessment contains 15 questions. Choose the correct option with respect to associates and joint ventures. When the cost paid by an investor exceeds equity acquired in an associate: a. The treatment of a bargain purchase and goodwill is identical in an associate and joint venture. b. Goodwill is an asset and treated the same irrespective of whether a subsidiary or an associate is obtained. c. Goodwill is included in the carrying amount of the asset and is not a separate line item. d. Goodwill will be recognized in the group statements. Clear my choice
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