Indicate which of the following features would be considered an advantage of acquiring assets rather than shares in the purchase of an incorporated business.   A. The ability to carry forward non-capital losses after the acquisition.   B. the ability to avoid land transfer tax.   C. The availability of the lifetime capital gains deduction   D. the ability to recognize the acquired company goodwill

Which of the following items retain their character when they are passed through to shareholders of an S corporation?          Wages paid Accelerated depreciation Net long-term capital gains Advertising expense All of the above retain their character when passed through

Which of the following characteristics of a corporation limits a stockholder's loss to the amount of his or her investment in the stock of the corporation? a. Separate legal entity b. Separation of ownership and management c. Transferability of ownership d. Limited liability

If an intangible asset is acquired as a part of the business combination it's recognised at: a. Fair value  b. Cost  c. Carring amount  d. None of the given options

Which of the following is/are true regarding goodwill achieved through acquisition as part of business combination? Where the acquirer was able to purchase the business at a discount, the excess of the market capitalization over the consideration transferred will be recognized in profit or loss. The acquirer shall recognize goodwill as of the acquisition date measured as the excess of the aggregate of the consideration transferred over the net of the fair values of all the assets acquired and the liabilities assumed Group of answer choices     Both statements are true.   None of these statements are true.   2 only.   1 only.

Is it neccessary  for a business to use the same method of computing depriciation  for all classes of its depriciable assets?