X Buys Y for $1 Million

question 32

Multiple Choice

X buys Y for $1 million.The fair value of the following items is: property,plant and equipment $800 000;accounts receivable $160 000;loan from the bank $60 000;and provision for employee entitlements $80 000.The value of goodwill is:

• A) $40 000.
• B) $10 000.
• C) $180 000.
• D) $820 000.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with a conditioned stimulus.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors.

Rational-Emotive Therapists

Therapists who apply the principles of rational-emotive therapy, which aims to resolve emotional and behavioral problems by confronting irrational beliefs.

Thoughts And Beliefs

Mental states or convictions held about oneself, others, or the world, whether true or false.