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Nataliya [291]
3 years ago
12

Parsons Company acquired 90% of Roxy Company several years ago and recorded goodwill of $200,000 at that date. During 2015 an an

alysis of the fair value of Roxy's assets determined an impairment of goodwill in the amount of $50,000. At what amount would consolidated goodwill be reported for 2015? 
a. $50,000.
b. $0.
c. $200,000.
d. $150,000.
e. $135,000.
Business
1 answer:
Crank3 years ago
6 0

Answer:

d. $150,000.

Explanation:

The computation of the consolidated goodwill reported is shown below:

= Recorded amount of goodwill - impairment amount of goodwill

= $200,000 - $50,000

= $150,000

By deducting the impairment of goodwill from the recorded amount of goodwill we can get the consolidated goodwill that is to be reported.

The 90% acquired percentage is ignored

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Modify Your Auto Loan.

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2 years ago
Brady corp. is considering the purchase of a piece of equipment that costs $20,000. projected net annual cash flows over the pro
katovenus [111]

Answer:

B

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Payback period is the total time it takes an organization to recover the initial capital incurred in acquiring an asset.

It is expressed in years and fraction of years.

Initial investment    20,000

Year 1                                                 3000               17000

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5 0
3 years ago
A certain business produced x rakes each month form November through February and shipped x/2 rakes at the beginning of each mon
Natasha_Volkova [10]

Answer:

C. 1.40x

Explanation:

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2. Shipping and storage costs

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April = 3.5x (stock at end of March) - x/2 (shipped) = 3x*0.1$ =  $0.30

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July = 2x (stock at end of June) - x/2 (shipped) = 1.5x*0.1$ =  $0.15

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Total storage cost = $1.40X

5 0
3 years ago
If $3000 is invested at 7% for 6 months, how much simple interest is earned?
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3 0
3 years ago
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