Where Would Be the Amortization of the Acquisition Differential Reflected

question 54

Multiple Choice

Where would be the amortization of the acquisition differential reflected on Kho's consolidated income statement?

• A) It would be reflected through non-controlling interest in earnings.
• B) It would be reflected through other expenses.
• C) It would be reflected through cost of sales.
• D)It would be reflected as a reduction of sales.

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Definitions:

Lobe-Finned Fish

A group of fishes characterized by fleshy, lobed, paired fins, which are precursors to the limbs of terrestrial vertebrates.

Paraphyletic Clade

A group of organisms that includes an ancestral species and some, but not all, of its descendants.

Tetrapods

Vertebrate animals with four limbs, or descent from such organisms, including amphibians, reptiles, mammals, and birds.

Lobe-Finned Fish

A group of fish characterized by fleshy, lobed, paired fins, which are precursors to the limbs of land vertebrates.