Answer and Explanation:
1. The amount of goodwill is shown below:
= Purchase price - the market value of net assets
= $6,000,000 - ($17,000,000 + $13,000,000)
= $2,000,000
2. Now the journal entry for purchase is
Assets $17,000,000
Goodwill $2,000,000
To Liabilities $13,000,000
To Cash $6,000,000
(Being the purchase is recorded)
For recording this we debited the assets and goodwill as it increased the assets and credited the liabilities and cash as it also increased the liabilities and decreased the assets
It is a <u>False </u>statment to say that subsection (D) of section 10 of the Federal Arbitration Act mandate that the court review the merits of every construction of a contract. The act speaks to Arbitration.
<h3>What does the Federal Arbitration Act of the United States of America say?</h3>
Subsection (D) of section 10 of the above stated Act state that the United States Court would vacate an award upon application by any of the party to the arbitration:
<em>Where the arbitrators exceeded their power or so imperfectly executed them that a mutual, final and definite award upon the subject matter submitted was not made.</em>
See the link below for more about Arbitration:
brainly.com/question/1139969
Answer: All of these are correct answers.
Explanation: In simple words, Balanced scorecard refers to the strategic management system in which the organisational tries to communicate to the stakeholders what is their ultimate goal and what are they trying to establish.
In such a process, the managers of the organisation translate their mission statement relating to various aspects of customer service and declares their course of actions regarding the activities that really matters to the customers.
Hence from the above we can conclude that all the statements are correct in the given case.
Answer: A. Present; B. Taken; C. Future; D. Present
Explanation:
The present value of a future amount of money is the amount that, if invested today, will grow to be as large as that present amount when the interest that it will earn is taken into account.
The calculation that we use to convert a future amount of money to its present value is called discounting.
Answer:
The begining cash balance = $4100
Explanation:
Given:
Cash receipts = $7900, Cash disbursements = $ 9400, Ending cash balance = $2600.
<u>To find out the cash balance at the begining of the month, the following is to be used </u>
Begining Cash balance = Ending cash balance + cash disbursements - cash receipts
Putting the given figures in this we get,
Begining Cash balance = $2600 + $9400 - $7900
= $4100