Answer:
c. Record no revaluations, bonus, or goodwill
Explanation:
As new incoming partner is giving more than the investment required it means there is some goodwill or revaluations or bonus involved which requires to be treated in the books otherwise it will be assumed that accounts are not properly reported and capital accounts will not be justified. Third option says no revaluations, bonus or goodwill will be recorded which is wrong.
Answer:
Constant, Decreases, Increases
Explanation:
Answer:
The correct answer is $543,000
Explanation:
According to the given scenario, the calculation of the ending inventory is as follows:
= Inventory on hand + merchandise purchased F.O.B shipping point + F.O.B destination
= $350,000 + $118,000 + $75,000
= $543,000
The goods held on consignment i.e. not involved is not relevant
Thus, the calculation of the ending inventory is $543,000
Answer:
American Marketing Association
Explanation:
American Marketing Association -
It refers to the association of many marketing professionals all together , is referred to as the American Marketing Association .
In the year 2012 , there were 30,000 members , present in the United states .
Which consists of 250 collegiate chapters and 76 professional chapters .
Hence from the given scenario of the question ,
The correct option is American Marketing Association .