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Evers Company's Balance Sheet Shows a Trade Name Acquired as Part

question 51

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Evers Company's balance sheet shows a trade name acquired as part of a business combination with a carrying value of $60 million.The trade name has an indefinite life and therefore Evers does not amortize it.Negative publicity regarding the product carrying the trade name has reduced its fair value to $48 million and its value in use to $44 million.The entry is as follows:


Definitions:

Soft Determinist

A stance in the debate on free will which suggests that free will and determinism are compatible, claiming that behavior is determined by motivations and desires compatible with free choice.

Past Causes

The events or actions that have happened in the past and have led to the occurrence of current events or situations.

Soft Determinism

A thesis that accepts determinism but claims that certain kinds of causes—namely, a person’s character—will allow us to call his or her actions free. The soft determinist is therefore a compatibilist, who believes in both freedom and determinism.

Responsible

Having an obligation to do something, or having control over or care for someone, as part of one's job or role.

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