In Comparing U

question 29

Multiple Choice

In comparing U.S. GAAP and international financial reporting standards (IFRS) with regard to a basis for measurement of a non-controlling interest, which of the following is true?

• A) U.S. GAAP requires acquisition-date fair value measurement and IFRS requires the acquiree's identifiable net asset fair value measurement.
• B) U.S. GAAP and IFRS both require acquisition-date fair value measurement.
• C) U.S. GAAP and IFRS both require the acquiree's identifiable net asset fair value measurement.
• D) U.S. GAAP requires acquisition-date fair value measurement, but IFRS allows an option for acquisition-date fair value measurement.
• E) U.S. GAAP and IFRS both apportion goodwill to the parent only.

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Definitions:

Impact Evaluation

The assessment of the changes that can be attributed to a particular intervention, such as a project, program, or policy.

Excessive Cost

Expenses that exceed what is reasonable or necessary, often to the point of being unsustainable.

Lengthy Time

A period that is considered to be longer than usual or expected.

Logic Model

A systematic and visual way to present and share the perceived relationships among the resources, activities, outputs, and outcomes of a program or intervention.