1. Under consolidation, what does control mean? a. Influencing the investee's important financing and operating activities. b. Having rights to variable returns. c. Directing the acquired company's important financing and operating activities that can change the acquiring company's return. d. All above 2. Under IFRS, which of the following statements is correct? a. The acquisition method is solely designed for consideration when the subsidiary is wholly owned. b. The acquisition method is solely designed for consideration when the subsidiary is non- wholly owned. c. The acquisition method is solely designed for consideration when business combination occurs. d. All above e. a) & c) f. b) & c) 3. Which of the following statements is NOT correct? a. Positive goodwill always indicates total acquisition differential is higher than the acquisition differential for identifiable net assets. b. Negative goodwill always indicates total acquisition differential is lower than the acquisition differential for identifiable net assets. c. Positive goodwill indicates the existence of non-identifiable net assets d. Negative goodwill indicates the non-existence of non-identifiable net assets. e. a) & c) f. b) & c) g. a) & d) h. b) & d) i. a) & b) j. All above