1. During the 2000's and after the Global Financial Crisis 2009, certain IFRS corporate accounting methods were changed for politically inspired reasons. Which of the following statements is correct? A. The historically familiar partial goodwill method was supplemented with a new full goodwill method. B. All the changes mentioned here happened because of the Global Crisis. C. Goodwill no longer needed to be amortized but instead this depends on a periodic assessment. D. Pre-control dividend treatment was changed from reduce the investment account, to increase investment revenue.

2. On 1 January 20X0, Zed Ltd acquired 100% of the share capital of Ned Ltd for $900,000 cash. At that date, the equity section of Ned Ltds balance sheet was as follows:

Share capital 700,000

Retained profits 50,000

Asset revaluation reserve 100,000

Assuming all assets and liabilities were recorded at their fair values what was the difference on acquisition?

A. $50,000 goodwill B. $100,000 goodwill C. $50,000 bargain purchase D. $100,000 bargain purchase

3. Which of the following statements correctly depicts the findings of academic paper Song, Wang and Parry, (2010)?

A. In established markets, performance is more positively associated with the use of formal processes for utilizing market information, compared with emerging markets.

B. In emerging markets, performance is more positively associated with the use of formal processes for utilizing market information, compared with established markets.

C. None of the statements presented here correctly represent that academic paper.

D. Market information was not helpful to either new or established businesses.