Question 1

Examples of acquisition- related costs in a business combination include:

Accepted Answer

A) legal service fees 
B) general administrative costs 
C) finder's fees 
D) all of the above 
A) legal service fees 
B) general administrative costs 
C) finder's fees 
D) all of the above

Question 2

Noosa Ltd acquired a business from Tewantin Ltd on 1 January 2011.At this date,the fair value of the consideration transferred was $1 500 000.The fair value of the identifiable assets acquired was $1 480 000,while the fair value of the liabilities assumed amounted to $80 000.The value of goodwill recognised by Noosa Ltd at the date of acquisition was:

Accepted Answer

A) $100 000 
B) $20 000 
C) $1 420 000 
D) $1 400 000 
A) $100 000 
B) $20 000 
C) $1 420 000 
D) $1 400 000

Question 3

Explain the process and purpose of gaining control of a business by purchasing shares in the acquiree,

Accepted Answer

It is possible to gain control of a busi

Question 4

Which of the following statements is correct?

Accepted Answer

A) the identifiable assets acquired and the liabilities assumed must be measured at their fair value at acquisition date 
B) the identifiable assets acquired and the liabilities assumed must be measured at their fair value at balance date 
C) the identifiable assets acquired and the liabilities assumed must be measured at their recoverable amount at acquisition date 
D) the identifiable assets acquired and the liabilities assumed must be measured at their book value at balance date 
A) the identifiable assets acquired and the liabilities assumed must be measured at their fair value at acquisition date 
B) the identifiable assets acquired and the liabilities assumed must be measured at their fair value at balance date 
C) the identifiable assets acquired and the liabilities assumed must be measured at their recoverable amount at acquisition date 
D) the identifiable assets acquired and the liabilities assumed must be measured at their book value at balance date

Question 5

A group of entities made up of the parent entity and any subsidiary entities is known as a/an:

Accepted Answer

A) equity entity 
B) controlling entity 
C) proprietary entity 
D) economic entity 
A) equity entity 
B) controlling entity 
C) proprietary entity 
D) economic entity

Examples of acquisition- related costs in a business combination include:

Explain the process and purpose of gaining control of a business by purchasing shares in the acquiree,

Which of the following statements is correct?

A group of entities made up of the parent entity and any subsidiary entities is known as a/an:

The Nature and Environment of Companies

Company Formation, Share Capital and Debt Securities

Reserves and Profit Distribution

Published Financial Statements

Accounting for Company Income Tax

Property, Plant and Equipment

Leases

Intangible Assets

Impairment of Assets

Additional Accounting Standards and Disclosures

Principles of Consolidation

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interests

Consolidation: Indirect Non-Controlling Interests

Accounting for Associates

Accounting for Joint Ventures

Accounting for Foreign Currency

Capital Reorganisation

External Administration, Including Liquidation

Key Issues in Australian Corporate Governance

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Exam 9: Business Combinations

Examples of acquisition- related costs in a business combination include:

Explain the process and purpose of gaining control of a business by purchasing shares in the acquiree,

Which of the following statements is correct?

A group of entities made up of the parent entity and any subsidiary entities is known as a/an:

The Nature and Environment of Companies

Company Formation, Share Capital and Debt Securities

Reserves and Profit Distribution

Published Financial Statements

Accounting for Company Income Tax

Property, Plant and Equipment

Leases

Intangible Assets

Impairment of Assets

Additional Accounting Standards and Disclosures

Principles of Consolidation

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interests

Consolidation: Indirect Non-Controlling Interests

Accounting for Associates

Accounting for Joint Ventures

Accounting for Foreign Currency

Capital Reorganisation

External Administration, Including Liquidation

Key Issues in Australian Corporate Governance

Filters