Answer:
It will be reported as gain.
Explanation:
If the fair value of the net identifiable assets acquired exceeds the fair value of the consideration given (purchase cost) will be a <u>negative goodwill.</u>
It will be due to <em>"bargain purchase"</em> and the accounting records the "negative goodwill" as a gain in the income statment
Answer:
The answer is:
Asset will be overstated
Net income will be overstated
Explanation:
Because of the incorrect capitalization(the process of converting or adding to a firm's asset):
1. Assets are overstated. Assets that shouldn't are added to the entire assets are added. So it's increasing the company's asset whereas it's not.
2. Net income are overstated. Because depreciation too will have to be charged for the asset that wasn't there, therefore, net asset will be overstated.
B. Formal training that combines classroom instruction with learning on the job.
That's how I've understood it when I took business in high school.
Answer to a:
The number of years for which the deposits will be made is given by:
= Retirement age - current age
= 65 - 23
= 42 years
Answer:
The Boss
Explanation:
Stakeholders are any group of people either internal or external that have interest in a business or activities.
Looking at the various levels of stakeholders that can be involved in a business , it becomes necessary that the degree of loyalty towards all can not be the same.
The boss in the scenario being the employer primarily deserves the loyalty before anybody else as this would have been promised in the oath of allegiance signed in the course of taking the employment.
