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Some of the Most Significant Social Justice Issues That Impact

question 3

Multiple Choice

Some of the most significant social justice issues that impact group endings have to do with the potential that ______.

Recognize when and how current tax assets and liabilities can be offset on consolidation within a group structure.
Identify exclusions to the application of AASB3 Business Combinations.
Understand the allocation of the cost of a business combination and the recognition of goodwill.
Recognize the circumstances under which a deferred tax liability is not required to be recognized in the value of an investment in a subsidiary increases.

Definitions:

Positive Externalities

These are benefits that a transaction or activity provides to those not involved in the transaction or activity.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction that they were not directly involved in.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, typically resulting from increased production where the cost per unit of output drops as scale increases.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all and one person's use does not diminish another's.

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