An entity is any physical thing about which the organization wishes to capture data
Indicate whether the statement is true or false
F
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According to the most current FASB standards, intangible assets acquired in a basket purchase which represents the acquisition of an entire business should be
a. valued by recording separately traded and contract based intangible assets at their individual fair values with any unallocated purchase price being recognized as goodwill. b. valued by allocating the total purchase price according to the relative fair values only of intangible assets that are separately tradable or contract based. c. valued by allocating the total purchase price according to the relative fair values of all assets acquired, regardless of whether the assets are separately tradable or contract based. d. valued by recording separately traded and contract based intangible assets at their individual fair values with any unallocated purchase price being expensed in the year of acquisition.
Which of the following statements should ideally reflect a firm's strategy for competitive advantage?
A. Our aim is to create superior customer value while controlling costs. B. Our strategy is to win at any cost. C. We will be number one in the industry. D. We want to be the market leader by replicating our competitor's strategy.
Market segments are formed to identify the group(s) that would provide the company with a sustainable economic advantage over competition
Indicate whether the statement is true or false
Swaptions are like forward swaps in which of the following ways
a. Both are free of credit risk b. Both require the execution of a swap at expiration c. They have the same price d. Both are traded on swaption exchanges e. none of the above