An Asset Received from a Partner as a Contribution Is

question 110

True/False

An asset received from a partner as a contribution is recorded at its historical cost.

---

Definitions:

Denver II

A standardized tool for screening developmental problems in children from birth through six years of age.

Stereognosis

The ability to recognize objects by touch alone, without the aid of vision, indicating intact sensory and cognitive functions.

Positive Romberg

A neurological test result indicating a loss of balance when the eyes are closed, suggesting issues with proprioception or the inner ear.

Ataxia

A neurological sign consisting of lack of voluntary coordination of muscle movements that can include gait abnormality, speech changes, and abnormalities in eye movements.