One Year After Acquisition Date,the Goodwill Acquired Was Regarded as Having

question 14

Multiple Choice

One year after acquisition date,the goodwill acquired was regarded as having become impaired by $20 000.The appropriate consolidation adjustment in relation to the impairment will include the following line:

• A)DR Goodwill $20 000
• B)DR Share capital $20 000
• C)CR Business combination valuation reserve $20 000
• D)CR Accumulated impairment losses $20 000.

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Definitions:

Specific Pieces

A term that often refers to distinct or individual items or parts of a larger set.

DNA

Deoxyribonucleic acid, the molecule that carries the genetic instructions used in growth, development, functioning, and reproduction of all known living organisms and many viruses.

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Gene Therapy

A therapeutic approach that includes modifying the genes within a patient's cells to cure or stop diseases.