Under the Partial Goodwill Method

question 44

Multiple Choice

Under the partial goodwill method:

• A) only goodwill acquired by NCI will be recognised.
• B) the NCI is measured at fair value of the shares they own.
• C) the goodwill will be recognised in the business combination valuation entries.
• D) the NCI is measured at the NCI's proportionate share of the fair value of acquiree's identifiable assets and liabilities.

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Definitions:

Daily Living

Activities and tasks that individuals perform on a regular basis for self-care, including eating, bathing, and dressing.

Functional Ability

The capacity to perform tasks or activities that support the individual’s physical, social, and psychological well-being.

Uses Cane

Refers to the act of using a cane as a walking aid for support, balance, or alleviation of pressure on limbs.

Cooks

Individuals who prepare, season, and cook a wide variety of foods, which can include soups, salads, entrees, and desserts.