Regular Corp

question 55

Multiple Choice

Regular Corp.has four divisions.One of them,Yulon Products,was acquired on January 1,2016,for $80,000,000,and recorded goodwill of $9,000,000 as a result of that purchase.At December 31,2017,Yulon Products had a fair value (including goodwill) of $66,000,000.The book value of the company's net assets (without goodwill) at December 31,2017 was $77,000,000.For 2017,Regular reported a loss on impairment of goodwill of $7,000,000.What was the fair value of the company's net assets (without goodwill) at December 31,2017?

• A)$73,000,000
• B)$68,000,000
• C)$64,000,000
• D)$59,000,000

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Definitions:

Informed Consent

A process in which participants are fully informed about the procedures and potential risks of a study and voluntarily agree to participate.

Minimal Risk

A research condition where the probability and magnitude of harm are no greater than those encountered in daily life or during routine physical or psychological examinations.

Greater Than Minimal Risk

Describes research situations where the probability and magnitude of harm or discomfort anticipated in the research are greater than those ordinarily encountered in daily life or during the performance of routine physical or psychological examinations or tests.

Full IRB Review

A full IRB review is a thorough examination by an Institutional Review Board of proposed research protocols that involve human subjects, to ensure the study's ethical and legal appropriateness.