Viner Ltd Acquired 70% of Bittner Ltd

question 54

Multiple Choice

Viner Ltd. acquired 70% of Bittner Ltd. on January 1, 2010. On January 1, 2014, Viner acquired another 10% of Bittner's common shares for $250,000. With respect to this additional purchase, which of the following is TRUE?

• A)On the consolidated statement of financial position, the goodwill balance will increase.
• B)Viner should ignore any changes in the fair values of Bittner's net assets between
• January 1, 2010 and January 1, 2014.
• C)On the consolidated statement of financial position, the common shares balance will increase.
• D)Viner must use the equity method to report the additional investment.

---

Definitions:

Task Performance

The execution and completion of specific duties or responsibilities associated with one's role or job.

Goal-Directed Activities

Actions deliberately undertaken to achieve specific outcomes or objectives.

Organizational Citizenship Behaviors

Actions by employees that are beyond their formal job requirements but significantly contribute to the positive functioning of the organization.

Conscientiousness

One of the five major personality traits, indicating a person's tendency to be organized, responsible, and hardworking.