Question $1(2$ points$)$

When the implied value exceeds the agergate fair values of identifiable net assets, the recidual difference is accounted for as:

excess of implied over fair value

a deferred credit.

difference between implied and fair value.

goodwill.

Question $2(2$ points$)$

Sales from one subvidiary to another are called:

$$ downstream sales.

upstream sales.

intersubsidiary sales.

horizontal sales.

Question $3(2$ points$)$

Under which set of ciecumitances would it soct be appropriate to misure the value the nowcontrolling shares is the same as the contelling shares?

The acquisition is for less than $100\%$ of the subsidiary.

The fair value of the noncontrolling shares can be inferred from the value implied by the acquisition price.

Active market prices $f$