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Goodwill arising in a business combination is classified as:

	a.	an item in equity.
	b.	a liability.
	c.	an expense associated with the acquisition.
	d.	an asset.

Goodwill is measured as the difference between the:

	a.	cost of the assets given up, and the cost of the net assets acquired.
	b.	cost of the net assets acquired, and the net present value of the consideration given up.
	c.	present value of the consideration transferred, and the present value of the net assets acquired.
	d.	fair value of consideration transferred, and the fair value of the assets and liabilities acquired.

An impairment loss occurs when:

	a.	the recoverable amount of an asset exceeds the carrying amount.
	b.	the carrying amount of an asset exceeds the recoverable amount.
	c.	the asset has a zero residual value.
	d.	the recoverable amount of an asset exceeds its initial cost.