Knowledge quiz

It’s time to put what you’ve learned to the test, get 6 questions right to pass this unit.

Q1.
You are in the process of designing your reclassification rules for the purchase method of investment eliminations.
There are two correct answers.
Q2.
At ABC Corporation, you have configured the rule for subsequent consolidation. When you run the elimination task, what FS item appears in the log with the triggering amount?
Choose the correct answer.
Q3.
At ABC Corporation, you are configuring the rule for subsequent consolidation. To apply an ownership percentage of 100 minus the ownership percentage, what setting must you use?
Choose the correct answer.
Q4.
At ABC Corporation, you have configured and run the reclassification rule for first consolidation of the purchase method. What FS item is used as the offset for the parent's investment elimination?
Choose the correct answer.
Q5.
At ABC Corporation, you are configuring the reclassification rule for first consolidation of the purchase method. How do you determine the credit FS item when eliminating the investment?
Choose the correct answer.
Q6.
At ABC Corporation you have several consolidation groups that you need to run investment eliminations for. What are your options?
Choose the correct answer.
Q7.
You are laying out the process for the booking of goodwill. You know how to calculate goodwill. What are requirements for the posting of goodwill?
There are two correct answers.

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