Which excess of acquisition cost over the carrying amount

Reference no: EM132816988

Problem 1: Which of the following statements is false?

A. The IASB requires that companies classify financial assets into two measurement categories - amortized cost and fair value.

B. The Unrealized Holding Gain/Loss-Equity account is reported as a part of other comprehensive income.

C. An investment of more than 50 percent of the voting stock of an investee should lead to a presumption of significant influence over an investee.

D. All dividends received by an investor from the investee decrease the investment's carrying value under the equity method.

Problem 2: If the assets of the investee are fairly valued, the excess of acquisition cost over the carrying amount of the net assets is attributed to

A. Depreciable asset

B. Non-depreciable asset

C. Goodwill

D. All of the above

Reference no: EM132816988

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