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Unformatted text preview: E1-21)Goodwill represents the excess of the sum of the consideration given over the:a.Sum of the fair values assigned to identifiable assets acquired less liabilities assumed.2)In a business combination, cost of registering equity securities to be issued by the acquiring company are a(n):c). Reduction of the otherwise determinable fair value of the securities3) Which of the following is the appropriate basis for valuing fixed assets acquired in a business combination carried out by exchanging cash for common stock?d). Fair Value4) In a business combination, the fair value of the identifiable net assets acquired exceeds the fair value of the consideration given. The excess should be reported as a:d) No answer listed is corrected5) A and B companies have been operating separately for five years. Each company has a minimal amount of liabilities and a simple capital structure consisting solely of voting...
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- Spring '11
- fair market value