Fedex acquired TNT Express to compete in the European market at the price of $4.8 billion. The estimated premium was 20%. What was the market value of TNT Express at the time of acquisition?

Buerhle Company needs to determine if its indefinite-life intangibles other than goodwill have been impaired and should be reduced or written off on its balance sheet. The impairment test(s) to be used is (are) Recoverability Test Fair Value Test

a. Yes Yes b. Yes No c. No Yes d. No No

Define product liability.

What will be an ideal response?