In Comparing U

question 71

Multiple Choice

In comparing U.S.GAAP and International Financial Reporting Standards (IFRS) with regard to a basis for measurement of a noncontrolling interest, which of the following is true?

• A) U.S. GAAP requires acquisition-date fair value measurement and IFRS requires the acquiree's identifiable net asset fair value measurement.
• B) U.S. GAAP and IFRS both require acquisition-date fair value measurement.
• C) U.S. GAAP and IFRS both require the acquiree's identifiable net asset fair value measurement.
• D) U.S. GAAP requires acquisition-date fair value measurement, but IFRS allows an option for acquisition-date fair value measurement.
• E) U.S. GAAP and IFRS both apportion goodwill to the parent only.

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Definitions:

Clinical Interview

A clinical interview is a method used by therapists to gather information about a patient's psychological state, history, and symptoms for assessment and treatment planning.

Social Phobia

A chronic mental health condition characterized by an intense fear or anxiety of being judged, negatively evaluated, or rejected in social or performance situations.

Specific Phobia

A type of anxiety disorder characterized by an excessive and irrational fear of a specific object, situation, or activity.

Embarrassment

A feeling of self-consciousness, shame, or awkwardness that occurs when a person's dignity is wounded.