Which of the following is an example of asset recognised by the acquirer as part of a business combination but that is not recognised by the acquiree? internally generated brands inventory prepaid insurance land and buildings

The meaning of goodwill in accounting is: Multiple Choice   The amount by which a company's value exceeds the value of its individual assets and liabilities.   Long term assets held as investment.   The support of the board of directors for the operating decisions of management.   The cost of developing, maintaining, or enhancing the value of a trademark.   Rights granted to an entity to deliver a product or service under specified conditions.

Which of the following does not represent an asset of a company? Multiple Choice Land owned by the company O Amounts owed to suppliers O Equipment owned and used for operations Supplies held by the company

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.