Question $32($Mandatory$)(1$ point$)$

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Bonus: Which one of the following accounts would not appear in the consolidated financial statements at the end of the first fiscal period of the combination?

Question $32$ options:

Goodwill.

Equipment.

Common Stocks.

Additional Paid$-$in$-$Capital

Investment in Subsidiary

Question $35($Mandatory$)(1$ point$)$

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Bonus: An example of a difference in types of business combination is

Question $35$ options:

A statutory merger can only be effected by an asset acquisition while a statutory consolidation can only be effected by a capital stock acquisition

A statutory merger can only be effected by a capital stock acquisition while a statutory consolidation can only be effected by an asset acquisition

A statutory merger requires dissolution of the acquired company while a statutory consolidation does not require dissolution.

A statutory consolidation requires dissolution of the acquired company while a statutory merger does not require dissolution

Question $38($Mandatory$)(1$ point$)$

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Bonus Using the acquisition method for a business combination, goodwill is generally defined as:

Question $38$ options:

Cost of the investment less the subsidiary's book value at the beginning of the year.

Cost of the investment less the subsidiary's book value at the acquisition date.

Cost of the investment less the subsidiary's fair value at acquisition date.

Cost of the investment less the subsidiary's fair value at the beginning of the year.