After Initial Recognition,the Acquirer Shall Recognise Goodwill At

question 8

Multiple Choice

After initial recognition,the acquirer shall recognise goodwill at:

• A) Historical cost.
• B) Fair value.
• C) Cost less accumulated amortisation.
• D) Cost less accumulated impairment losses.
• E) None of the given answers.

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Definitions:

Civil Liability

Legal responsibility that requires an individual or entity to compensate for harm or damage they have caused to another person or property.

Antifraud Requirements

Legal measures designed to prevent fraud, especially in commercial transactions and financial reporting.

Annuity Contracts

Financial products sold by insurance companies that provide a fixed or variable payment to an individual at regular intervals, typically for retirement.

City Bonds

Municipal securities issued by cities to fund public projects such as schools, highways, and urban redevelopment.