1.Under the acquisition method, when are most identifiable assets acquired, liabilities assumed, and non-controlling interests in...
1.Under the acquisition method, when are most identifiable assets acquired, liabilities assumed, and non-controlling interests in the acquiree recognized?
Select one:
a. When an acquirer is identified
b. Acquisition date
c. Date of verbal agreement
d. 90 days after acquisition date
2.Which of the following is not an example of a transaction cost?
Select one:
a. Finder's fee
b. Investigatory costs
c. Depreciation costs
d. Facilitatory costs
3.Which of the following is not a step for acquiring a subsidiary?
Select one:
a. Determining the acquisition date
b. Determining the purchase price
c. Recognizing goodwill
d. Consolidating assets
Homework Answers
1. b. Recognition of most identifiable assets acquired, liabilities assumed, and non controlling interests is done on the acquisition date at fair-value.
2. c. Depreciation costs are not Transaction costs.
3. d. Consolidating assets is not a step for acquiring a subsidiary .
Add Answer to:
1.Under the acquisition method, when are most identifiable
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