• Nepotism • Cronyism
Embezzlement
• Bribery
(4x1) (4)
3.2 Mention TWO benefits of positive values at the workplace.
(2x1) (2)
3.3 Indicate why it is important to follow a course or a program in keeping with your
value system
(4x1) (4)
3.4 Explain the use of NBT.
(4x2) (8)
3.5 Assess how entrepreneurship may be a viable option to counteract
unemployment
(2x2) (4)
3.6 Critically discuss how fraud and corruption may negatively impact economic
growth and development of a country.
(2x4) (8)
[Sub-Total: 30]
[Grand-Total: 90]​

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inv entory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a. prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price. b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.