1.Under the acquisition method, when are most identifiable assets acquired, liabilities assumed, and non-controlling interests in the acquiree recognized?

Select one:

a. When an acquirer is identified

b. Acquisition date

c. Date of verbal agreement

d. 90 days after acquisition date

2.Which of the following is not an example of a transaction cost?

Select one:

a. Finder's fee

b. Investigatory costs

c. Depreciation costs

d. Facilitatory costs

3.Which of the following is not a step for acquiring a subsidiary?

Select one:

a. Determining the acquisition date

b. Determining the purchase price

c. Recognizing goodwill

d. Consolidating assets