1 - Business combinations: Select all of the following that apply at or before the acquisition date.

Question options:

	The acquirer must be identified
	The acquisition date must be identified
	Assets and liabilities acquired must be measured at net book value
	Assets and liabilities acquired must be measured at fair market value
	The parent ignores all of the subsidiary's intangible and unrecognized assets and liabilities
	The non-controlling interest must be measured when the parent acquires less than 100% of the shares

2 - Which of the following is true about the non-controlling shareholder interest (NCSHI, aka, NCI)? Select all that are true.

Question options:

	NCI can be measured using the (full) fair value method
	NCI can be ignored
	NCI can be measured using the identifiable net assets method, defined as the non-controlling interest's proportional share of the fair market value of the subsidiary
	There are two different ways to calculate NCI at the date of acquisition. This will result in different values assigned to Goodwill at the date of acquisition.