The length of the measurement period allowed to value the assets and liabilities in an acquired business combination starts on the date of acquisition and lasts until:
A. All necessary information about the facts of the acquisition is obtained, not to exceed one year
B. All necessary information about the facts of the acquisition is obtained, not to exceed one month
C. All necessary information about the facts of the acquisition is obtained
D. All necessary information about the facts of the acquisition is obtained, not to exceed one reporting period
Answer: A
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Indicate whether each of the following statements is true or false.Use of residual income to evaluate managers of an investment center may avoid some of the suboptimization that can occur with use of return on investment as a performance measure.Residual income is stated as a ratio or percentage.One disadvantage with residual income as a measure of performance is that it causes smaller divisions to appear to do better than larger divisions.A balanced score card includes various non-financial performance measures as well as financial performance measures.The balanced scorecard is a holistic approach to evaluating management and division performance.
What will be an ideal response?
Carbamate Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the Refining Department had 2000 gallons of partially processed product in production. During January, 31,000 gallons were transferred in from the Mixing Department, and 32,000 gallons were completed and transferred out. At the end of the month, 1000 gallons of partially processed product remained in the Refining Department. The weighted-average method is used. See additional details below.
Refining Department, ending balance at January 31 Percent completed for materials cost: 90% Percent completed for conversion cost: 76% What was the total number of equivalent units of production for conversion costs for the month of January for the Refining Department? A) 760 units B) 32,760 units C) 32,000 units D) 900 units
Which of the following attributes are included in Judge and Douglas’s eight dimensions related to readiness?
a. Accountable culture and trusting followers b. Compliant middle management and ambitious leadership c. Stable culture and opinionated followers d. Excessive communications and knowledgeable champions
A commendation of goods made by a seller or lessor that does not create an express warranty is referred to as a(n) ________
A) statement of opinion B) implied warranty C) guarantee D) caveat emptor