Provide Answer Thecontrolcombinations ispremium in business?a) Included in goodwill calculationb) Expensed immediatelyc) Recorded separatelyd) Ignored in valuationCorrect Answer: a) Included in goodwillcalculation

Answer explanationOption a) Included in goodwill calculation:This is the correct answer because, in…

Answered: The control combinations is premium in…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 16MCQ

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The control premium in business combinations is (A) Expensed immediately ? (B) Included in goodwill calculation (C) Recorded separately (D) Ignored in valuation
General Accounting
According to the acquired assets should be recorded at the amount actually paid rather than at the estimated market value. O A. monetary unit assumption O B. going concern assumption O C. cost principle D. economic entity concept
Financial Asset at Fair Value under OCI would have its gain or loss reported at what Financial Statement? Income Statement Cash Flow Changes in Owners Equity Balance Sheet
The identifiable assets acquired and liabilities assumed in a business combination are generally measured at: a. Acquisition-date fair values b. Previous carrying amounts c. Fair value less cost to sell d. Cost
Which of the following statements is true about goodwill? O a. The intangible asset goodwill may be written off directly to retained earnings. O b. The intangible asset goodwill may be capitalized either when purchased or created internally. O c. The intangible asset goodwill may be capitalized only when created internally. Fin d. The intangible asset goodwill may be capitalized only when purchased. 2.
Which one of the following statements regarding IFRS accounting for goodwill is correct: a. If goodwill is negative, it is reported as a liability b. If goodwill is negative, it is reported as a gain in P&L c. Goodwill cannot be negative
In a business combination, goodwill is defined as the excess of acquisition cost over the a. fair value of assets acquired. b. fair value of assets acquired less the liabilities assumed. c. net book value of assets acquired. d. book value of assets acquired less the liabilities assumed.
Which accounting concepts requires non-current assets to be valued at cost less accumulated depreciation, rather at their enforced saleable value a. Prudence b. Relevance c. Comparability d. Going concern
Which method of the matching principle is used when a company recognizes depreciation expense on the income statement? Group of answer choices A. Installment method B. Systematic and rational allocation C. Immediate recognition D. Associating cause and effect
Valuing assets at the amount of cash or equivalents paid or the fair value of the consideration given to acquire them at the time of acquisition most closely describes which measurement of fi nancial statement elements? A . Current cost

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The control combinations is premium in business ? a) Included in goodwill calculation b) Expensed immediately c) Recorded separately d) Ignored in valuation Correct Answer: a) Included in goodwill calculation