Having trouble with these few. Help will be appreciated

Question 14 Complete Mark 0.00 out of 1.00 Flag question Which of the following disclosures are required by AASB 108/IAS 8 for a voluntary change in accounting policy? a. The reasons that applying the new accounting policy provides reliable and more relevant information. b. All of these disclosures are required . c. The nature of the change. d. The amount of the adjustment relating to periods prior to those presented to the extent practicable.Question 16 Complete . Mark 0.00 out of 1.00 Flag question Mary Limited acquired the identifiable assets and liabilities of Joan Limited for $530 000. The items acquired, stated at fair value, are: equipment $296 000; inventories $160 000; accounts receivable $104 000; patents $60 000; accounts payable $80 000. The difference on acquisition is: a. goodwill of $170 000 b. gain on bargain purchase $10 000 c. gain on bargain purchase $170 000 . d. goodwill of $10 000Question 17 Complete Mark 0.00 out of 1.00 Flag question Which of the following statements relating to materiality is correct? a. The disclosure provisions of accounting standards do not need to be applied if the resulting information is immaterial. O b. The disclosure provisions of accounting standards must always be applied even if the resulting information is immaterial. c. Extensive guidance is given in accounting standards on the concept of materiality. . d. Materiality only ever depends on the size of an item.Question 22 Complete Mark 0.00 out of 1.00 Flag question Compose Limited estimated an impairment loss of $2 500 000 against its single cash-generating unit. The company had the following assets: headquarters building $3 000 000; plant $1 600 000; equipment $1 400 000. The net carrying amount of the plant after allocation of the impairment loss is: O a. $Nil b. $817 O c. $1750 . d. $933Question 25 Complete Mark 0.00 out of 1.00 Flag question When an asset is measured using the cost model, an impairment loss is: a. included in the balance of the accumulated depreciation and impairment losses account for that asset. O b. recognised directly in equity. . c. accumulated in a separate 'accumulated impairment losses' account. O d. set off against the balance of revenue.Question 27 Complete Mark 0.00 out of 1.00 Flag question In a business combination, the acquiree is the party that: O a. gives up control over the net assets acquired b. obtains control of the net assets the other entity. . c. finances the business combination. d. pays the acquisition consideration.Question 3 Complete Mark 0.00 out of 1.00 Flag question The recognition criteria that an asset must meet before it may be recognised and presented in the financial statements includes: O a. verifiability. O b. having physical substance. O c. results from a past event. . d. relevant to management decision making.Question 30 Complete Mark 0.00 out of 1.00 Flag question A business combination is defined as: a. a transaction in which one entity obtains control of one or more other entities. b. a transaction or other event in which an entity obtains control of one or more businesses. c. a transaction or other event in which an acquirer obtains control of one or more businesses. . d. a transaction in which an acquirer obtains control of an acquiree.Question 5 Complete Mark 0.00 out of 1.00 Flag question The net amount of employee benefit liabilities acquired in a business combination are measured by using the: a. estimated total of future cash outflows, undiscounted b. present value method c. cash method . d. face value of the liabilities.Question 9 Complete Mark 0.00 out of 1.00 P Flag question Byron Limited estimated the net present value of future cash flows from specialised equipment acquired under a business combination to be $120 000. A replacement cost for the equipment is estimated to be $132 000. The equipment has been independently appraised at a value of $122 000. A similar item of equipment cost the acquirer $1 18 000 last year. What is the value for recognition of the equipment under a business combination? a. $120 000. b. $122 000. c. $118 000. Old. $132 000. Question 10 Complete Mark 0.00 out of 1.00 Flag question Watson Limited acquires the net assets of Lake Limited for a cash consideration of $160 000. One half is to be paid on acquisition date and the other half is payable in one year's time. The appropriate discount rate is 8% p.A) The present value of the cash outflow in one year's time is: a. $800 000 b. $74 072 c. $72 728 . d. $86 402