far 15 a 142021

  1. Direct costs of ----------------------, such as finders’ fees, professional and consultants’ fees, and general administrative costs, are expensed as incurred.
    Direct costs of acquisition, such as finders’ fees, professional and consultants’ fees, and general administrative costs, are expensed as incurred.
  2. Direct costs of acquisition, such as finders’ fees, professional and consultants’ fees, and general administrative costs, are ----------------------------.
    Direct costs of acquisition, such as finders’ fees, professional and consultants’ fees, and general administrative costs, are expensed as incurred.
  3. Direct issue ----------------------, such as registration fees, legal fees, accounting fees, etc., are treated as a reduction of additional paid-in capital.
    Direct issue costs of equity, such as registration fees, legal fees, accounting fees, etc., are treated as a reduction of additional paid-in capital.
  4. Direct issue costs of equity, such as registration fees, legal fees, accounting fees, etc., are treated as a ------------------------------------------------------------.
    Direct issue costs of equity, such as registration fees, legal fees, accounting fees, etc., are treated as a reduction of additional paid-in capital.
  5. On the business combination date, contingent consideration must be recognized at its ---------------------------------------.
    On the business combination date, contingent consideration must be recognized at its acquisition-date fair value.
  6. Future settlement of the contingent consideration has ---------------- on the amount of goodwill that was recognized on the business combination date.
    Future settlement of the contingent consideration has no effect on the amount of goodwill that was recognized on the business combination date.
  7. in the acquisition-date consolidated balance sheet, assets and liabilities of the subsidiary are reported -------------------------------- even if a noncontrolling interest exists.
    in the acquisition-date consolidated balance sheet, assets and liabilities of the subsidiary are reported at 100% of their fair value even if a noncontrolling interest exists.
  8. n the acquisition-date consolidated balance sheet, assets and liabilities of the subsidiary are reported at 100% of their fair value even if a -------------------------------- exists.
    n the acquisition-date consolidated balance sheet, assets and liabilities of the subsidiary are reported at 100% of their fair value even if a noncontrolling interest exists.
  9. The entire amount of an NCI is reported as a ------------------------------------------.
    The entire amount of an NCI is reported as a single component of consolidated equity.
  10. Subsidiary shareholdings in a parent are treated as --------------------------- of the consolidated entity.
    Subsidiary shareholdings in a parent are treated as treasury stock of the consolidated entity.
  11. In the absence of a bargain purchase, the equity of the consolidated entity immediately after acquisition is the ----------------------------------------------------------------.
    In the absence of a bargain purchase, the equity of the consolidated entity immediately after acquisition is the same as the equity of the parent just prior to acquisition plus the fair value of the noncontrolling interest.
Author
Joens1313
ID
354067
Card Set
far 15 a 142021
Description
far 15 a 142021
Updated