According to AASB 3,how Is Goodwill Acquired in a Business

question 21

Multiple Choice

According to AASB 3,how is goodwill acquired in a business combination recognised?

• A) As an asset, initially measured at cost
• B) As a contingent liability, initially measured at fair value
• C) As an asset, initially measured at fair value
• D) As an equity account, initially measured at cost

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Definitions:

Alpha-Fetoprotein Assay

A blood test used to measure the levels of alpha-fetoprotein, which can help assess the risk of developmental defects in a fetus.

Neural Tube Defects

A type of birth defect of the brain, spine, or spinal cord that occurs when the neural tube does not close completely.

Sex Chromosome

The chromosomes that determine the sex of an organism, typically represented as XX for females and XY for males in humans.

Neural Tube Defects

Neural tube defects are birth defects of the brain, spine, or spinal cord that occur when the neural tube does not close completely during early fetal development.