When Filing an Incident Report, What Is the Time in Which

question 7

Multiple Choice

When filing an incident report, what is the time in which it should be completed?

• A) Within 8 hours of the incident
• B) Within 12 hours of the incident
• C) Within 24 hours of the incident
• D) Within 2 weeks of the incident

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Definitions:

Gain on Acquisition

The positive difference between the value acquired and the purchase price paid in a business combination.

Loss on Acquisition

Financial loss recognized when the cost of acquiring a company exceeds the sum of the fair value of its identifiable net assets at the acquisition date.

Voting Shares

Shares that endow the holder with the right to vote on matters at shareholders' meetings and to elect the directors of the company.

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and equity of a parent company and its subsidiaries as if the group was a single entity.