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Graham Limited Acquired 90% of the Share Capital and Reserves

question 43

Multiple Choice

Graham Limited acquired 90% of the share capital and reserves of Terry Limited for $340,000. Share capital was $200 000 and reserves amounted to $124 000. All assets and liabilities were recorded at fair value except equipment which was recorded at $60 000 below fair value. The company tax rate was 30%. The partial goodwill method is adopted by the group. The NCI share of equity at the date of acquisition was:

Recognize the ethical considerations and aims behind collecting data in different fields (health, education, consumer behavior).

Appreciate the relevance of accurately interpreting research results and statistics to avoid becoming misrepresented "statistics".

Identify and classify different types of data (categorical and quantitative).

Understand the concept of measurement scales (nominal, ordinal, interval, ratio) and apply them to real-world data.

Definitions:

ICD-10-CM

International Classification of Diseases, Tenth Revision, Clinical Modification; a coding system used to classify diagnoses, symptoms, and procedures for medical billing in the U.S.

Birthday Rule

A means to identify primary responsibility in insurance coverage; identifies the primary insurance carrier when children have coverage through more than one parent. The insurance of the parent with the birthday earliest in the year, month and day only, is identified as the primary insurer. If both parents have the same birth date, the policy that has been in effect the longest is the primary carrier.

Custody

The legal authority or responsibility to care for someone or something, often used in relation to child custody in legal contexts.

Primary

Refers to the first or most significant condition, factor, or level in a series or system.