Maroons Limited Acquired the Net Assets and Contingent Liabilities of Lewis

question 43

Multiple Choice

Maroons Limited acquired the net assets and contingent liabilities of Lewis Limited for $60 000. Lewis Limited's net assets and contingent liabilities were: total assets $84 000; total liabilities $10 000; and contingent liabilities $12 000. Maroons Limited will record a:

• A) goodwill of $2000.
• B) gain on bargain purchase of $2000.
• C) goodwill of $14 000.
• D) gain on bargain purchase of $60 000.

Analyze the influence of family structures on human development.

Understand how human development is influenced by normative and non-normative factors.

Comprehend the role of culture in human development.

Differentiate between the concepts of nature and nurture in human development.

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