1.Describe the two basic types of acquisitions that can result in a business combination.

2.What consideration can be used in a business combination?

3.When one corporation buys the assets or assets and liabilities of another company , at what values are the acquired items recorded on the buyer's books?

4.In general how would fair values be determined for productive assets?

5.In general how would fair values be determined for productive liabilities?

6.What is negative good will? How should it be reported in the consolidated statements?

7.When an acquirer buys the net assets of another company by issuing shares, what is the relationship between the two companies after the transaction has taken place?

8.What are the advantages for the acquirer of obtaining control over assets by a purchase of shares rather than buy a direct purchase of asset?

9.What are the disadvantages for the acquirer of obtaining control by a purchase of asset?

10.How can an acquirer obtain control if the management of the acquiree is hostile to the business combination?