At Donald's Funeral,Patrick Was Asked to Give the Eulogy

question 23

Multiple Choice

At Donald's funeral,Patrick was asked to give the eulogy.In the eulogy,Patrick mentioned Donald's accomplishments in art,his loving devotion to his family,and how Donald got people to smile with the short stories or jokes he told-he always had people laughing.At the close of the eulogy,Patrick encouraged everyone to keep Donald in their memories and close to their heart.What guidelines did Patrick follow in preparing this eulogy?

• A)Remember to mention the person's achievements first before speaking about his or her family.
• B)Remember to present all the facts and ideas clearly and do so with little emotion so the family and friends gathered will not be upset further by their loss.
• C)Remember the achievements of the person,include personal recollections,and encourage those assembled to move beyond their sorrow.
• D)Remember to list all the accomplishments of the person and briefly discuss the personal life of the person who has died.

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Definitions:

Acquisition Differential

The difference between the purchase price of an acquired entity and the fair value of its identifiable net assets.

Goodwill Impairment

The decrease in the value of a company’s goodwill, which occurs when the market value of the entity is less than its recorded value on the balance sheet.

Fair Value Adjustment

An accounting process to adjust the book value of an asset or liability to reflect its current market value.

Equity Method

A method in accounting for logging investments where the investor holds considerable sway over the entity being invested in, yet lacks full control.