When an Acquisition of Another Company Occurs, FASB Recommends Disclosing

question 28

Multiple Choice

When an acquisition of another company occurs, FASB recommends disclosing all of the following EXCEPT:

• A) goodwill assigned to each reportable segment.
• B) information concerning contingent consideration including a description of the arrangements and the range of outcomes
• C) results of operations for the current period if both companies had remained separate.
• D) A qualitative description of factors that make up the goodwill recognized

---

Definitions:

Autonomic Nervous System

A part of the nervous system responsible for controlling involuntary bodily functions such as heartbeat and digestion.

Sympathetic

Referring to the part of the autonomic nervous system that prepares the body for action and stress responses, often described as "fight or flight."

Parasympathetic

The division of the autonomic nervous system responsible for conserving energy and promoting the "rest and digest" response.

Nodes of Ranvier

Gaps in the myelin sheath of nerve fibers, which facilitate the rapid conduction of nerve impulses along the neuron.