Which one of the following statements is not accurate about goodwill impairment valuations?
a. Goodwill arising from acquisitions can be netted into one test at the operating segment level, but not netted at the company level.
b. Market valuation may be volatile. A temporary decline in market value may not be a good indicator of FMV.
c. FMV might not exist, might require independent appraisals by investment bankers or estimates using cash flow and discounted present value factors.
d. No assumptions are required about competition, economic development, product placement, and so forth.
d
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Ollie negotiates an order instrument to Phil by
A. assignment of its rights under a contract. B. delivery with any necessary indorsement. C. making an unconditional promise to pay. D. presenting it in response to a demand by B.
Which of the following statements regarding a 15-year (180-month) $125,000, fixed-rate mortgage is CORRECT? (Ignore taxes and transactions costs.)
A. The remaining balance after three years will be $125,000 less one third of the interest paid during the first three years. B. Because the outstanding balance declines over time, the monthly payments will also decline over time. C. Interest payments on the mortgage will increase steadily over time, but the total amount of each payment will remain constant. D. The proportion of the monthly payment that goes towards repayment of principal will be lower 10 years from now than it will be the first year. E. The outstanding balance declines at a faster rate in the later years of the loan's life.
Works of art and historical treasures purchased by the general fund should be reported as:I. an expenditure in the general fund. II. assets in the government-wide financial statements.
A. II only. B. I only. C. Both I and II. D. Neither I nor II.
Which phase of social media marketing maturity does the following sentence describe? ‘During this phase, an organization utilizes a formal process to plan social media marketing activities with clear objectives and metrics.’
a. Exploratory phase. b. Transition phase. c. Trial phase. d. Strategic phase. e. None of these.