1) Provide examples from the real world for successful and unsuccessful mergers and acquisitions cases in recent years and state the specific reasons behind their success or failure. Notes: - Do not provide general reasons behind success or failure [as it will not be considered] Provide only one example for each case. - Examples dated before 2003 will not be considered. - Write your answer in the space provided in the following table: (13 Marks) There are differences between the IFRS and GAAP (after FASB issued ASU 2020-04 to simplify the accounting for goodwill impairment) regarding the following: - Assignment/allocation of goodwill. (i.e., The levels at which goodwill is assigned /allocated) - Impairment of goodwill and test(s) applied and its steps (i.e., Methods of determining impairment of goodwill) - How impairment loss is recognized and allocated. (i.e., impairment loss[charge] calculation and allocation) - Amortization and impairment of intangible assets other than goodwill Discuss the accounting treatment of the preceding points under IFRS only. (Comparison is not required) - Write your answer in the space provided in the following table: IFRS signment/allocation of goodwill pairment of goodwill ow impairment loss is recognized an located mortization and impairment of tangible assets other than goodwill ( You must support your answer in this question with quality. and up to date references.) Marks) (12 3) What is the difference between upstream sale of inventory and a downstream sale? Why is it important to know the direction of sale (Upstream/Downstream) when preparing the consolidated financial statements