Kate Is Looking Forward to Spending Two Weeks in Hawaii

question 62

Multiple Choice

Kate is looking forward to spending two weeks in Hawaii. However, one week before the trip, Kate's car breaks down, and she has to spend her vacation money on repairs. Kate's desire for a luxurious vacation is produced by a(n) _____ motive, while the necessity of paying for car repairs is an example of a _____ motive.

• A) positively originated; negatively originated
• B) transformational; transactional
• C) informational; transformational
• D) negatively originated; positively originated
• E) informational; transactional

---

Definitions:

Consideration Transferred

The total amount of cash, assets, or other resources given up by an acquiring entity to obtain control of another business in a business combination.

Fair Value

The monetary amount anticipated for the disposal of an asset or the fee for shifting a liability in a coordinated marketplace interaction on the appraisal day.

Bargain Purchase

The acquisition of an asset or company at a price significantly below its fair market value.

AASB 3

The Australian Accounting Standards Board's standard on Business Combinations, which provides the guidelines for accounting for the acquisition of businesses.