1.8 Identify the option that is correct about the treatment for positive goodwill. (1)
A. Write off immediately to the income statement
B. Recognize as an asset and carry in the balance sheet at its original value
C. Recognize as an asset and amortize over a period of time
D. Recognize as an asset and test for impairment regularly
1.9 In the consolidated balance sheet, the subsidiary's individual assets are accounted for by which method? (1)
A. Netted against its liabilities and shown net
B. Shown separately
C. Added to the parent company's individual assets and liabilities
D. Not included
1.8 C. Recognize as an asset and amortize over a period of time
1.9 B. Shown separately