AASB 138 Intangibles, Requires Goodwill to Only Be Recognised as an Asset

question 17

Multiple Choice

AASB 138 Intangibles, requires goodwill to only be recognised as an asset if it:

• A) is internally generated.
• B) is acquired as part of a business combination.
• C) does not exceed its internally recorded cost.
• D) arises as a result of creating new assets within the normal business operations.

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Definitions:

Psychotherapy

A method of treating mental disorders by talking about mental and emotional issues with a mental health professional.

Orientation

A person's awareness of oneself in relation to time, place, and identity; in a broader sense, it can also refer to sexual orientation or the initial introduction to a new environment or role.

Effective

Producing a desired outcome or result.

Anxiety

An emotion that leaves an individual feeling threatened by the potential occurrence of a future negative event.