22. All of the following are examples of long-term construction projects except

A. oil tankers

B. bridges

C. military hardware

D. residential swimming pools

29. Intentional misstatement of estimates

A. are highly unusual in financial reporting

B. do not have any impact on earnings

C. are acceptable under GAAP

D. are unlikely to draw attention from the external auditor if they fall within acceptable ranges

30. At the acquisition date, when the cost of the shares acquired exceeds the underlying book value, the investor is required to amortize any excess that is attributable to separately identifiable assets have an indefinite lifeWhich of the following is a separately identifiable asset that might not be recognized on the investee's balance sheet?

A. Patent

B. Goodwill

C. Inventory

D. Land