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:

Phagocytes

Cells that protect the body by ingesting harmful foreign particles, bacteria, and dead or dying cells.

Hematocrit

The ratio of the volume of red blood cells to the total volume of blood, expressed as a percentage.

Abbreviation

A shortened form of a word or phrase, used to represent the full term.

Blood Groups

Classification of human blood based on the presence or absence of inherited antigenic substances on the surface of red blood cells.