Answer:
$4,392,000
Explanation:
For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:
The fair value of net asset = Asset balance + fair value of land - liabilities balance
= $11,450,000 + $690,000 - $4,890,000
= $7,250,000
And, the acquire value is $11,642,000
So, the goodwill would be
= $11,642,000 - $7,250,000
= $4,392,000
Answer:
D) The proceeds that exceed the mortgage balance are used to pay all other claims and creditors.
Explanation:
If the borrower filed for a chapter 7 bankruptcy, and the proceeds from the sale of the real estate exceed the mortgage value, then all the excess amount is used to pay other creditors.
Only if all the claims and creditors have been paid and there is still some money left, should that excess amount go to the borrower.
Answer:
Directly sell bonds to the public
Explanation:
Financial System
This is simply called an Institutions in the economy of any country that is concerned matching one person's saving with another individual's investment collectively. They save and lends money to the public.
When the government's expenditures is far greater than its receipts, they would likely directly sell bonds to the public. The expenditures of government always goes on goods, services, or transfer payments and when they become bigger than their tax revenue, the government therefore runs into a budget deficit. This can therefore make a government borrow some amount of money from financial system to pay for budget deficits, and the results of government borrowing can increase a nation's debt rate.
A Bond
A certificate othat shows one is indebted as it shows or specifies the obligations of the borrower to the holder.
Answer:
public relations
Explanation:
Based on the information provided within the question it seems that Lenora's efforts represent the firm's public relations. This is the process that a company undergoes to form or maintain a good relationship between a company or the public by managing the flow of information that between both the public and the company themselves. This is what Lenora is doing by sending the message to the local radio station for it to be relayed to the public.
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Except for liability and assets. Accounting standards characterize an advantage as something your organization possesses that can give future financial advantages. Money, stock, debt claims, arrive, structures, hardware - these are on the whole resources. Liabilities are your organization's commitments either cash that must be paid or benefits that must be performed.