(5) Dotel Company's 12/31/2016 statement of financial position reports assets of $6,000,000 and liabilities of $2,500,000. All of Dotel's assets' book values are equal to their fair values, except for land, which has a fair value that is $400,000 greater than its book value. On 12/31/2016, Egbert Corporation paid $6,100,000 to acquire all issued shares of Dotel. What amount of goodwill should Egbert record as a result of this purchase? a. $0. b. $100,000 c. $2,200,000 d. $2,600,000 (6) Which of the following statements is true? a. Both IFRS and U.S. GAAP allow for the subsequent reversal of impairment loss for assets held for use. b. IFRS but not U.S. GAAP, allows for the subsequent reversal of impairment loss for assets held for use. c. U.S. GAAP but not IFRS, allows for the subsequent reversal of impairment loss for assets held for use. d. Both IFRS and U.S. GAAP do not allow for the subsequent reversal of impairment loss for assets held for use. (7) Robertson Co. purchased the equipment in early 2016 and chose to use the revaluation model for this equipment. At the end of 2016, Robertson recognized revaluation surplus of $10. In the middle of 2017 , Robertson sold this equipment. Which of the following statements is correct: a. The revaluation surplus $10 will be directly transferred to the gain on disposal. b. The revaluation surplus $10 will be directly transferred to retained earnings. c. The revaluation surplus $10 will be directly transferred to paid-in capital account. d. The revaluation surplus $10 will remain unchanged. (8) On January 1, 2011, Carr Company purchased the equity securities costing $3,000 and classified them as FVTPL investment (cash purchase). During 2011, Carr Company sold a portion of these FVTPL securities for $1,600 (cash sale). Carr also received the cash dividend payment of $300 from these FVTPL equity securities. Carr prepares its statement of cash flows using the direct method. Carr also classifies the receipt of cash dividends as the operating activity of cash flow statements. Which of the following represents the effect of these transactions on the statement of cash flows for Carr Company for the year ending December 31, 2011