True or false 1. Indirect acquisition costs include registration and issuance costs of the shares issued by the purchase. 2. GAAP does not provide specific guidelines for valuing assets and liabilities, but it does provide for stocks. 3. Assets and liabilities arising from contingencies must be recognized at their fair value, if they can be reasonably estimated. 4. THE "Goodwill" Appreciation arises when Company A pays above, the purchase of the net assets at fair value of Company B. 5. If the fair value is greater than the cost, the excess is recorded as a gain in the books of the acquired company. 6. Amortization is to intangible assets, what depreciation is to plant or fixed assets. 7. The method of amortization of intangible assets will always be the Straight Line Method. 8. Goodwill resulting from a purchase of net assets is not required to be disclosed in the notes to the financial statements. 9. Sabarnes - Oxley was a law enacted to give strength to the Securities and Exchange Commission -SEC among others, and mitigate somewhat, the financial collapse, in the stock markets, caused by companies such as Tyco, Enron and others. 10. The Sarbanes-Oxley Act, on the other hand, does not require greater independence and responsibilities from the Boards of Directors of companies that trade shares in the stock markets. 11. GAAP establishes that in a business combination, notes cannot be used as a payment instrument for the purchase of net assets. Only Cash can be used