Answer:
$221,500
Explanation:
The computation of the amount of the goodwill is shown below:
Goodwill = Acquiring value - fair market value of all assets
where,
Acquiring value = $502,000
And, the fair market value of all assets is
= Account receivable market value + inventory market value + fixed assets market value + other assets market value
= $35,000 + $183,000 + $46,500 + $16,000
= $280,500
So, the goodwill is
= $502,000 - $280,500
= $221,500
C relative price » sub effect & income effect
When the auditors express an opinion on financial statements their responsibilities extend to : Whether the results of their client's operating decisions are fairly presented in the financial statements.
Explanation:
An auditor is a person or corporation assigned to conduct an audit by a client. To order to be an auditor, a person should have a credential or relevant credentials of the regulatory authority for accounting and auditing.
The auditor is someone who reviews financial records and checks them. They ensure consistency of financial records and correct payment of taxes. We monitor financial activities to ensure that companies operate efficiently.
A statement that somehow the auditor is liable for expressing an opinion on the audit's financial statements. Examining details of the sums and reports in the financial statements on a test basis; evaluating the accounting standards used and relevant management estimates;
Answer:
$57,600
Explanation:
The computation of the total amount paid to preferred shareholders are shown below:
= Number of shares for preferred stock × par value × dividend rate × number of years
= 1,200 shares × $100 × 12% × 4 years
= $57,600
In case of cumulative, the number of years would be four years for dividend paid
All other information which is given is not relevant. Hence, ignored it
<span>Generally,
it is during the colder seasons that glaciers tend to advance downward, causing
further erosional landforms. Items below
are facts regarding Glaciers according from the <span>National Oceanic and Atmospheric Administration
(NOAA) who studies the skies and the oceans: </span></span>
<span>1. </span><span>Approximately
10 percent of Earth's land is covered with glaciers.
</span>
<span>2. </span>Glaciers covered 32 percent of land during the last
Ice Age.
<span>3. </span>Glaciers store about 75 percent of the world's fresh
water.
<span>4. </span>Antarctic ice is more than 2.6 miles approximately
4,200 meters thick in some areas.
<span>5. </span>If all land ice melted, sea level would rise
approximately 230 feet (70 meters) worldwide.
