Which of the Following Acquirees Assets and Liabilities Are Not

question 4

Multiple Choice

Which of the following acquirees assets and liabilities are not valued at the date of acquisition?

• A)Patents and Trademarks.
• B)Long term leases.
• C)Unearned revenue.
• D)Deferred tax assets and liabilities.

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Definitions:

Decrease Net Income

Any event or transaction that results in a reduction of the net income of a company.

Decrease In Assets

A reduction in the value or quantity of the resources owned by an entity.

Increase Accounts Payable

An action reflecting a rise in the amount owed by a company to its creditors for goods or services received but not yet paid for.

Accounts Payable

Short-term liabilities representing amounts owed by a business to suppliers or creditors for goods and services purchased on credit.