In Order for a Tangible Asset to Be Recognised by an Acquirer

question 4

Multiple Choice

In order for a tangible asset to be recognised by an acquirer under a business combination it must be probable that future economic benefits will flow to the acquirer and:

• A)its fair value can be measured reliably
• B)it must be a non-current item
• C)it must be measured using the present value method d,it may not be a non-monetary asset.

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Definitions:

Aristotle

An ancient Greek philosopher and scientist, whose works cover a wide range of subjects, including politics, metaphysics, ethics, and logic.

Empirical Approach

An empirical approach relies on observation, experimentation, and evidence rather than theory or pure logic to understand and analyze phenomena.

Aristotle

An ancient Greek philosopher and polymath whose works covered many subjects, including physics, biology, ethics, politics, and poetics.

Virtuous Character

A set of qualities that exemplify moral excellence and righteousness in an individual.