Gongman Corp

question 10

Multiple Choice

Gongman Corp. owned the following assets when it came out of a Chapter 11 bankruptcy: Gongman Corp. had a fresh start reorganization value of $1,000,000. What amount of goodwill should have been recognized in recording the reorganization?

• A) $20,000.
• B) $100,000.
• C) $60,000.
• D) $210,000.
• E) $98,000.

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Definitions:

Behavior Therapy

Systematic application of the principles of learning to the direct modification of a client’s problem behaviors.

Psychodynamic Therapy

A type of psychotherapy that is based on Freud’s thinking and assumes that psychological problems reflect early childhood experiences and internal conflicts.

Cognitive Therapy

A form of psychotherapy that addresses maladaptive patterns of thought to alleviate psychological stress and disorders.

Excessive Guilt

A heightened state of feeling responsible or regretful for a perceived or real wrongdoing, often beyond what is considered rational or justified.