______________ is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

Related MCQs

• ____________ is the estimated remaining period, from the commencement of the lease term, without limitation by the lease term, over which the economic benefits embodied in the asset are expected to be consumed by the entity.
• The objective of _________ is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer.
• _________ highlights both the contribution of business enterprises to economic wellbeing and the costs imposed in the form of pollution or resource degradation.
• A ____________ is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred.
• ______________ is a term used in the field of accounting which measures the environmental and natural resources accounting, which tends to incorporate the natural and environmental assets of the firm and it’s resources.
• ________________accounting is the process by which companies and organizations record the financial impact of agreements to rent or finance the rights to use specific assets.
• __________ is the method were all assets and liabilities are recorded on a balance sheet according to the cost of replacing them rather than their historical costs.
• A ______________ is defined as an entity that provides the right to use an asset for a period of time in exchange for consideration.
• __________ is when a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities
• ______________________is the assistance of finance professionals to settle disputes concerning allegations, fraudulence, suspicion of fraud and misconduct in business.