A Company Has a Subsidiary That Has an Intangible Capital

question 36

Multiple Choice

A company has a subsidiary that has an intangible capital asset. It has not been recorded on the subsidiary's books, but at the date of acquisition, the asset had a fair value of $200,000 and an indefinite economic life. How should the company show the asset on its consolidated statement of financial position?

• A)$200,000 less any impairment losses
• B)$200,000 less accumulated amortization (calculated over 10 years)and any impairment losses
• C)$200,000 less accumulated amortization (calculated over 40 years)and any impairment losses
• D)The company should not show the asset on the consolidated financial statement as the subsidiary does not do so.

Identify the historical development and key concepts of psychodynamic theories.

Differentiate between Freud's psychoanalytic perspective and other personality theories.

Understand the key concepts of Freud's psychoanalytic theory.

Identify and describe Freud's structural model of the psyche (id, ego, superego).

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Definitions:

Holder in Due Course

A party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be raised against the prior holder.

Indorsement

The act of signing one's name on a financial document, such as a check, thereby transferring rights or title to another party.

Collection Indorsement

An endorsement on a negotiable instrument, such as a check or promissory note, that specifies the particular person to whom the payment is to be made.

Fictitious Payee Rule

A principle in commercial law that protects the drawer of a check if the check is made payable to a non-existent or not intended recipient, under certain conditions.