The Term ____ Refers to Any Quantity That Is Valid

question 41

Multiple Choice

The term ____ refers to any quantity that is valid on the left side of an assignment operator.

• A)leftv
• B)lval
• C)variable
• D)lvalue

---

Definitions:

Present Obligation

A duty or responsibility to act or perform in a certain way.

Goodwill

The intangible asset that arises when a buyer acquires an existing business but pays more than the fair market value of the net assets.

AASB 3

is the Australian Accounting Standards Board's standard on Business Combinations, detailing the accounting treatment for merging businesses, including the recognition and measurement of assets, liabilities, and any non-controlling interest.

IFRS 3

The International Financial Reporting Standard that deals with the accounting for business combinations, requiring assets, liabilities, non-controlling interest, and goodwill to be accounted for at fair value.