Two Purposes of a Type of ________ Auctions Are Liquidation

question 24

Multiple Choice

Two purposes of a type of ________ auctions are liquidation and market efficiency.

• A)one-buyer,one-seller
• B)one seller,many potential buyers
• C)one buyer,many potential sellers
• D)many buyers,many sellers

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Definitions:

Asset Revaluation Surplus

The increase in value of an asset, reflected on a company's financial statements, after it has been revalued to its current market value.

General Reserve

Funds set aside by a company from its profits for general unspecified future risks or obligations.

Amortisation of Goodwill

The gradual write-off of the purchased goodwill of a company over time, reflected as a non-cash expense in the income statement.

Associate's Profit

The portion of profits attributable to a company's investment in an associate, typically accounted for using the equity method.