11年FA3学期末练习题.docVIP

Part 1 1. An excess of the fair value of net assets acquired in a purchase business combination over the price paid is: a Reported as negative goodwill and amortized over a maximum period of 40 years b Applied to a reduction of noncash assets before negative goodwill may be reported c Applied to reduce noncurrent assets other than marketable securities to zero before negative goodwill may be reported d Applied to reduce goodwill to zero before negative goodwill may be reported 2. Fast Corporation paid $50,000 cash for the net assets of Agge Company, which consisted of the following: