Papa Limited has two subsidiary entities, Mumma Limited and Junior Limited. Papa Limited owns 100% of the shares in both entities. Details of the cash accounts of each company are: Papa Limited $160 000, Mumma Limited $85 000, Junior Limited $12 500. The balance of the consolidated cash account of the Papa Limited group is:

Select one:

a.$97 500

b.$160 000

c.$257 500

d.$62 500

Goodwill arising in a business combination is classified as a:

Select one:

a.asset.

b.liability.

c.expense associated with the acquisition.

d.item in equity.

Examples of rights that determine the existence of power include:

Select one:

a.rights to direct the investee to enter into, or veto any changes to, transactions that affect the investee's returns.

b.rights to appoint, reassign or remove members of an investee's key management personnel

c.rights to appoint or remove another entity that participates in management decisions.

d.all of the options are correct.