Where the NCI Is Measured at Fair Value at Acquisition

question 22

Multiple Choice

Where the NCI is measured at fair value at acquisition date, which of the following methods is being used?

• A) Partial goodwill method
• B) Fair value method
• C) Full goodwill method
• D) NCI goodwill method

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Definitions:

Central Repository

A central repository is a single location where data or documentation is stored and managed for easy access and retrieval.

Wisdom

The ability to think and act using knowledge, experience, understanding, common sense, and insight.

Ethics

A branch of philosophy dealing with moral principles and values governing individual and group behavior.

Good

An item or product that is manufactured or produced for sale, or anything that serves a need or desire.