Find the Prime Factorization. 88

question 8

Multiple Choice

Find the prime factorization. 88

• A) 8·11
• B) 2²·3·11
• C) 2³·11
• D) 2·44

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Definitions:

Acquisition of Net Assets

The process of obtaining ownership of another company's assets after subtracting its liabilities, often through purchase or merger.

Push-Down Accounting

A method of accounting used in the financial statements of a subsidiary when its parent company allocates a portion of the purchase price to the subsidiary’s assets and liabilities.

ASPE

Accounting Standards for Private Enterprises; a set of accounting principles in Canada designed for private companies, focusing on simplicity and cost-effectiveness in financial reporting.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is global in scope.