Mitch's Mother Just Found Out He Has Cerebral Palsy

question 13

Multiple Choice

Mitch's mother just found out he has cerebral palsy.You should tell her:

• A) "Don't worry. He'll grow out of it."
• B) "I'm so sorry. It is always fatal."
• C) "There is no cure, but there is a lot of help available."
• D) "He will catch up to his peers by adolescence."

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Definitions:

Goodwill

An intangible asset that represents the excess value of a company over the fair value of its identifiable assets and liabilities, often arising from acquisitions.

Impairment

A decrease in the recoverable value of an asset to below its carrying amount on the balance sheet, leading to a written down value.

Share Capital

The funds raised by a company through the issuance of shares to investors.

Deferred Tax Liability

A tax obligation that a company owes but does not have to pay until a future date, usually resulting from differences in accounting methods for tax and financial reporting purposes.