Question
What does a bargain purchase indicate in a business combination?
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Answer
A gain recognized immediately in income.
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Question
How is an indefinite-lived intangible like a trademark tested for impairment?
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Answer
Compare carrying amount to fair value; recognize the excess.
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Question
What happens if an indefinite-lived intangible becomes finite-lived?
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Answer
Begin amortizing it prospectively over the remaining life.
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Question
How is goodwill initially measured in a business combination?
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Answer
Consideration transferred plus NCI plus prior interest, less net assets acquired.
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