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:

Medicare Fraud

The act of making false statements or misrepresenting facts to obtain payment from the federal Medicare program unlawfully.

Lack of Guilt

The absence of feelings of responsibility or remorse for one's actions or behaviors.

Antisocial Personality Disorder

Antisocial Personality Disorder is a mental condition in which a person shows a long-term pattern of manipulating, exploiting, or violating the rights of others.

Manipulative

Describing behavior that is skillful in controlling or influencing others to one's own advantage, often in an unfair or deceitful way.