Answer:
b. The fair value of the contingent consideration is included in the overall fair value of the consideration transferred, and a liability or additional owners' equity is recognized.
Explanation:
Measuring the fair value of contingent consideration for financial reporting is a complex process – based on a number of variable inputs, unique risk profiles, and potentially complicated payoff structures.
Answer:
The journal entries are shown below:
Explanation:
According to the scenario, the journal entries for the given data are as follows:
(1). Jun.30 Bad Debt expense A/c Dr $12,800
To Allowance for Doubtful A/c $12,800
(Being the bad debt expense is recorded)
(2). July Allowance for Doubtful A/c Dr $6,400
To Accounts Receivable A/c $6,400
(Being the customer balance written off is recorded)
Answer:
what do you call 2 Mexicans playing basketball
Explanation:
btw it's a dad joke
I believe that the problems Bob is going Face is...he will struggle with Ideas and he will have many Diclamers along the way
<span>This is absolute poverty. This is the state of being where the daily needs of a person or family are not being met, even after completing a day's work. This is in relation to relative poverty, which is based on the standards of living in a certain country. Absolute poverty is the standard at which anyone in any part of the world would be unable to meet their basic food and housing needs.</span>
