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Which of the following statements are incorrect regarding identifiable assets? Select ALL that apply.
Suggested Answer: B
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32 comments · newest first
EF
Effie
12 months ago
E seems off, can net assets really not be identifiable at acquisition?
WE
Weldon
12 months ago
C is misleading, they don't have to be separable from the subsidiary.
SA
Sarah
1 year ago
Wait, I thought contingent liabilities were identifiable too?
RO
Rory
1 year ago
Totally agree with D, legal rights definitely count!
DA
Daryl
1 year ago
A is correct, deferred tax assets are not identifiable.
OR
Orville
1 year ago
I recall that option D is true since assets can indeed be identifiable if they come from contractual or legal rights, but I'm a bit confused about option E.
CO
Coral
1 year ago
I practiced a question similar to this, and I think option C is incorrect because identifiable assets don't necessarily have to be separable from the subsidiary.
LA
Lamar
1 year ago
I'm not sure about option B; I feel like contingent assets and liabilities are sometimes included in discussions about identifiable assets, but I could be wrong.
RY
Ryan
1 year ago
I think option A might be correct because I remember that deferred tax assets and liabilities are usually not considered identifiable assets.
SH
Sherill
1 year ago
Wait, is payment fraud prevention really a Dynamics 365 Finance feature? I'm not sure about that one. I better double-check the module capabilities before answering.
RE
Rebecka
1 year ago
This looks like a straightforward VMware Cloud Director question. I'll start by reviewing the options and thinking through the logical steps required to enable east/west firewall.
KR
Kristal
1 year ago
If I recall correctly, switching from FIFO to weighted-average typically results in lower retained earnings due to higher cost of goods sold. I feel like it's around a $5,000 decrease.
NI
Nikita
1 year ago
I practiced a similar question, and I believe the static route should be defined first before applying the route map. Just need to recall the command syntax.
KA
Karon
1 year ago
Wait, are we supposed to be identifying the incorrect statements? This is like a double negative puzzle. I need some coffee before I tackle this one.
LI
Lindsey
1 year ago
Ha! I bet the exam writers were trying to trip us up with that one. Of course, assets can be identifiable if they arise from contractual or legal rights. Option D is the clear winner here.
BR
Brunilda
1 year ago
Definitely, it's important to pay attention to the details when it comes to identifying assets.
AU
Audry
1 year ago
Yeah, the exam writers like to throw in tricky statements. Good thing we caught that one.
BE
Beth
1 year ago
Definitely, it's important to pay attention to the details when it comes to identifying assets.
CH
Cherilyn
1 year ago
I agree, option D is definitely correct. Assets can be identifiable if they arise from contractual or legal rights.
WI
Wilbert
1 year ago
Yeah, the exam writers always try to trick us with tricky statements. Good thing we caught that one.
KA
Kate
1 year ago
I agree, option D is definitely correct. Assets can be identifiable if they arise from contractual or legal rights.
LA
Lai
1 year ago
I'm a bit confused about option E. Isn't it true that net assets, not just individual assets, must be identifiable at acquisition? This seems like a tricky question.
SH
Sharen
1 year ago
C) To be identifiable assets must be separable from the subsidiary
GE
Geraldine
1 year ago
B) Contingent assets and liabilities are examples of exceptions to the rules governing identifiable assets
CA
Cassandra
1 year ago
A) Deferred tax assets and liabilities are not classed as identifiable assets
CA
Carmen
2 years ago
Options B and C seem to be the correct answers. Contingent assets and liabilities are exceptions, and assets must be separable to be considered identifiable.
SH
Shoshana
2 years ago
I disagree. I believe C and E are the incorrect statements.
KI
Kiley
2 years ago
I agree with Jacquline. A and B don't seem right to me.
JA
Jacquline
2 years ago
I think A and B are incorrect.
JE
Jessenia
2 years ago
I think option A is incorrect because deferred tax assets and liabilities are considered identifiable assets and liabilities under IFRS 3.
ON
Oneida
1 year ago
D) Assets can also be identifiable if they arise from contractual or legal rights
ON
Oneida
1 year ago
A) Deferred tax assets and liabilities are not classed as identifiable assets