One Year After Acquisition Date, the Goodwill Acquired Was Regarded

question 50

Multiple Choice

One year after acquisition date, the goodwill acquired was regarded as having become impaired by $40 000. The appropriate consolidation adjustment in relation to the impairment will include the following line:

• A) DR Goodwill $40 000
• B) CR Impairment expense $40 000
• C) CR Business combination valuation reserve $40 000
• D) CR Accumulated impairment losses $40 000

Understand the significance of religious diversity and its impact on workplace accommodations and behaviors.

Identify strategies for overcoming cross-cultural communication barriers.

Learn the best practices for aligning organizational diversity with community demographics.

Understand the procedures for the proper recording and management of actual manufacturing overhead costs.

---

Definitions:

Drawer

The party who draws a draft, that is, the party who orders that the money be paid.

Payee

The party named in a note or draft to whom payment is to be made.

Stop Payment

A banking process through which an account holder can request the bank to stop the payment of a cheque or payment transaction that has been issued but not yet processed.

Drawer

In banking and finance, refers to the party that writes and signs a check or draft, instructing their bank to pay a specified sum to the named party.