please answer all .,.,.the question.,.,.,.within 30 minutes. make sure the explanation and reasons are explained in very detailed manner as in why the option is correct and why other options sre incorrect give reasons for the same , Attempt the answer only if your are 100% sure that its correct. else leave it for other tutor otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer is 100% correct and is not copied from anywhere. ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.

TRUE FALSE 2. Acquired in-process research and d indefinite-lived asset not subject to amortization TRUE FALSE 3. Preexisting goodwill on the subsidiary's books Identifiable by the parent and is therefore included in the subsidiary's acquisition date fa value. TRUE FALSE 4. When using the equity method to account for an investment, any losses identify by the investee as Other Comprehensive Income/Losses would result in a decrease in the investor's Equity in Investee Income account. TRUE FALSE 5. Acquired unpatented technology does not meet the definition of an intangible asset as it does not arise from a contractual or other legal right. TRUE FALSE 6. At date of acquisition, consolidated financial statements are the same no matter the acquired company is dissolved or maintains separate incorporation. TRUE FALSE 7. Under the equity method of accounting, when inventory sales occur between investor and investee, the investor delays gross profit recognition until the inventory is sold to an independent party or is consumed within the business. TRUE FALSE 8. If an investor tries and fails to obtain representation on the investee's board of directors, the equity method of accounting for the investment is the appropriate accounting method if the investor owns between 20-50% of the investee's outstanding voting shares. TRUE FALSE 9. Consolidated retained earnings and the retained earnings reported on the parent's books are equal when the parent uses the equity method to account for its subsidiary investment. TRUE FALSE 10. Under the Purchase Method (legacy method) of accounting for business combinations, professional service fees were included in the purchase price, thu purchased. increasing the difference between purchase price and book value of net assets