Consideration is anything of value.

Which of the following should be reported under the "Other Expenses and Losses" section of the income statement?

a. Goodwill impairment losses. b. Trade name amortization expense. c. Patent impairment losses d. None of the above.

A standard policy of title insurance does NOT cover

A. unknown spousal interests. B. rights of parties in possession. C. forgery. D. lack of capacity of the grantor.