Which of the Following from the NOPLAT Statement Is NOT

question 5

Multiple Choice

Which of the following from the NOPLAT statement is NOT included in the amount of investments in goodwill and acquired intangibles?

• A)The implied interest rate on the goodwill and acquired intangibles.
• B)The annual change in the sum of goodwill and acquired intangibles.
• C)The reversal of intangibles value adjustments in the invested-capital statement.
• D)The sum of amortization of acquired intangibles and impairment of acquired intangibles and goodwill for the year.

Recognize an auditor's responsibilities upon discovering illegal activities during an audit.

Evaluate the liability issues of accountants under the 1933 Securities Act regarding misleading registration statements.

List the services that are prohibited for accounting firms to perform for audit clients under the Sarbanes-Oxley Act.

Understand the legal and ethical considerations regarding the confidentiality of client information obtained by accountants.

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Definitions:

Emotions

Represents complex psychological states that involve a subjective experience, a physiological response, and a behavioral or expressive response.

Attitudes

Attitudes are psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Experiencing

is the act of going through an event or situation, thereby gaining knowledge or skill from direct participation or observation.

Judging

The cognitive process of forming an opinion or conclusion about something or someone, based on information, observations, or experiences.