Which of the Following Event Pair Would Seem to Be

question 90

Multiple Choice

Which of the following event pair would seem to be mutually exclusive?

• A)A = studying 12 hours a day.B = sleeping 15 hours a day.
• B)A = swimming a mile each day.B = having a full-time job.
• C)A = playing professional basketball.B = making a million dollars.
• D)A = playing Angry Birds.B = playing Minecraft.
• E)A = exercising regularly.B = listening to classical music.

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Definitions:

Acquisition

The process by which one company takes over another company either by purchasing its assets or its stock.

Goodwill

An intangible asset representing the excess of acquisition cost over the fair value of identifiable net assets acquired in a business combination.

Acquiring Company

A company that purchases most or all of another company's shares to gain control of that company.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its tangible and identifiable intangible assets.