Which or the following is true about the impairment of goodwill subsequent to the acquisition of the the impairment of goodwill has to be performed only in periods in which there is a subsidiary? a. Testing for significant change in the fair value of the subsidiary. Goodwill impairment loss can only be recorded in the consolidation worksheet. No impairment loss can be recorded in the books of the parent or the subsidiary Both of these statements are true. None of these statements is true. b. c. d. Which of the following is not a step of applying the acquisition method? a. b. c. d. e. identifying the acquirer Recording the acquiree's assets and liabilities that are assumed Measuring the fair value of the acquiree Determining the acquisition date Testing for the impairment of goodwill resulting from the acquisition Which of the following assets and the liabilities of the acquiree should be measured at fair value on the date of acquisition? a. b. c. d. e. Buildings that the acquirer plans to use for administrative purposes after the acquisition Pension assets or liabilities related to employee benefit plans Equipment that the acquirer plans to sell to outsiders after the acquisition All of these None of theses Which of the following is not a potential advantage of business combinations. a. Economies of scale. b. Tax Advantages c. All of these are potential advantages of business combinations. d. Having more control over the procurement of a manufacturer's raw materials or the distribution of a manufacturer's products. Which of the following is not a defensive mechanism against unfriendly takeovers? a. Greenmail b. Poison Pil c. Leveraged buyouts d. Forward vertical integration e. All of these are defensive mechanisms against unfriendly takeovers