How Is the Amount of Excess Acquisition-Date Fair Value Over

question 73

Multiple Choice

How is the amount of excess acquisition-date fair value over book value recognized in a consolidated statement of cash flows assuming the indirect method is used?

• A) It is ignored.
• B) $6,000 subtracted from net income.
• C) $4,800 subtracted from net income.
• D) $6,000 added to net income.
• E) $4,800 added to net income.

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Definitions:

Axon

A neuron’s extending fiber that conducts impulses away from the cell body and transmits them to other neurons.

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The abilities involved in the use and understanding of language, including reading, writing, speaking, and listening.

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Referring to the left side of a space, object, or body.