Give two ways in which it is easier to recognise intangibles that are acquired in a business

Question:

Give two ways in which it is easier to recognise intangibles that are acquired in a business combination than those that are internally generated.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

See More Books

Question Posted: Apr 30, 2016 01:03 PM

See More Questions

Give two ways in which focus groups can be misused.
We have shown that there are two ways in which we can think of the producer as maximizing profits: Either directly, or in a two-step process that begins with cost minimization. A: This exercise...
Consider again the two ways in which we can view the producers profit maximization problem. A: Suppose a homoethetic production technology involves two inputs, labor and capital, and that its...
State the date (or dates) on which corporation tax is due for payment in relation to the following periods of account: (a) the year to 31 March 2021 (b) the six months to 30 November 2020 (c) the 21...
Assume Caltron paid $20 million to purchase HarborSide.com. Assume further that HarborSide had the following summarized data at the time of the Caltron acquisition (amounts in millions): HarborSides...
Hazzid Realty sold lots for $15 120 per 1000 square metre. What is the total sales value if the lot sizes, in 1000 square metre, were 5 14, 6 13, 4 38, and 3 56?
Consider the simple linear regression model fit to the tank pressure and volume data in Problem 2.16. Problem 2.16 Carroll and Spiegelman ("The Effects of Ignoring Small Measurement Errors in...
Harrelson Inc. currently has $750,000 in accounts receivable, and its days sales outstanding (DSO) is 55 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their...
A telephone manufacturer produced and sold 2 0 0 0 telephones and made a net income of $ 7 0 , 0 0 0 last year, with total revenues of $ 5 0 0 , 0 0 0 . The manufacturer s break - even volume is 1 2...
A robot includes significant flexibility in the arm members with a heavy load in the gripper [6, 20]. A two-mass model of the robot is shown in Figure. P2.26. Find the transfer function Y(s)/F(s)....
What are the key characteristics of an intangible asset?
What are the recognition criteria for intangible assets ?
What is the profitability index for the following set of cash flows if the relevant discount rate is 10 percent? What if the discount rate is 15 percent? If it is 22 percent? Year Cash Flow 0 -27500...
The Reading Warehouse distributes hardback books to retail stores and extends credit terms of 2/7, n/30 to all of its customers. During the month of June the following inventory transactions...
In the space provided, 150- to 350-word summary of your financial analysis from Part 2: Financial Ratio Calculations. Include the following in your summary: Make final recommendations as to whether...
You can find this question from Excel worksheet "poison pill question". Twilight has 1,000,000 shares outstanding, and the current stock price is $25 per share. Yesterday, Activist Apollo made a...
1.Discuss the rationale and significance of the Security Market Line (SML) as a representation of the valuation of risky securities. 2.Outline five of the positive characteristics that are...
Ahmed, a foreign qualified accountant, has recently returned to Pakistan and has joined a newly incorporated company Radium Limited (RL), a subsidiary of a listed company. Ahmed has been entrusted...
If adjusting entries include these listed accounts, what other account must be in that entry as well? (A) Depreciation expense (B) Unearned Service Revenue (C) Prepaid Insurance (D) Interest Payable
A genetically engineered strain of Escherichia coli (E. coli) is used to synthesize human insulin for people suffering from type I diabetes mellitus. In the following simplified reaction scheme,...
On January 1, 2007 Lani Company entered into a non-cancelable lease for a machine to be used in its manufacturing operations. The lease transfers ownership of the machine to Lani by the end of the...
On December 31, 2006 Port Co. sold six-month-old equipment at fair value and leased it back. There was a loss on the sale. Port pays all insurance, maintenance, and taxes on the equipment. The lease...
You are an accountant for the ABC Mining Company, and the CFO gives you a copy of a recent lease agreement to record. As you read the agreement you discover the company has leased 12 trucks from the...
Consider the vectors u=2ij2k and v=2i+2j+4k. Find the vector components of u that are parallel and perpendicular to v.
1. Determine whether the following sets form subspaces and justify your answers. (a) {(1, 2): 122 = 0} in R (b) {(1, 2) |1|-|x2|} in R2 (c) {(x1, x2, x3): x3 = 21 or x3 = 12} in R3 (d) {(x1, x2, x3):...
Solve the system of two equations for y two equations are: A1=ax+by A2=cx+dy

Give two ways in which it is easier to recognise intangibles that are acquired in a business

Question:

Step by Step Answer:

1 Reliable measurement For internally generated assets the criteria in para 57 must be met W...View the full answer

Applying International Financial Reporting Standards

Students also viewed these Accounting questions