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SOVA2 [1]
3 years ago
5

When is a goodwill impairment loss recognized? a. Annually on a systematic and rational basis. b. Never When both the fair value

of a reporting unit and its associated implied goodwill fall below their respective carrying values. c. If the fair value of a reporting unit falls below its original acquisition price. d. Whenever the fair value of the entity declines significantly.
Business
1 answer:
gulaghasi [49]3 years ago
7 0

Answer:

The correct answer is letter "C": When both the fair value of a reporting unit and its associated implied goodwill fall below their respective carrying values.

Explanation:

Impairment Loss is the decrease in an asset's net carrying value that exceeds the future undisclosed cash flow it should generate. The net carrying value is an asset's acquisition cost minus depreciation. Impairment occurs when a company sells or abandons an asset that is no longer beneficial.

Thus, <em>a goodwill impairment loss is recognized when the goodwill's net carrying value is below its fair value and the expected cash flow it was to generate.</em>

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Which of the following options is NOT a unique feature of​ e-commerce technology? A. The consumer is a participant in the proces
Blababa [14]

Answer:

<u>A. The consumer is a participant in the process of delivering products or services.</u>

Explanation:

  • As a  known fact the consumer is a part of the entire process and all of the e-commerce is surviving of the large consumer base and hence the delivery of the product to the home of the consumer is it a new or unique aspect of e-commerce.
  • Without the participation of the consumer, e-commerce has no competition in the marketplace while the rest are unique or global characteristics of the e-commerce industry.
3 0
3 years ago
What is the value of a $1,000 investment that loses 5% each year for 8 years?
boyakko [2]

600

Explanation:

Principal amount = 1000

time = 8 years

rate of losing = 0.05

A = 1000 (1 - 0.05 (8))

A = 1000 ( 1 - 0.4)

A = 1000 (0.6)

A = 600

4 0
2 years ago
Read 2 more answers
The fact that Minnie spends most of her time measuring costs and checking to see if departments are staying within their budgets
olga_2 [115]

Answer: B) Managerial Accounting

Explanation:

Minnie is a managerial accountant because she spends her time measuring cost and checking if various departments are still within their budget.

Managerial accounting: It can also be called " cost accounting" or " management accounting". It is a branch of accounting that identifies, measures, analyze, interprete, and communicate financial information to managers. It helps managers make rational decisions regarding the operations of the business.

Minnie as a managerial accountant, needs to analyze various events and operational data in order to translate those data into useful information that can be used by the management in their decision-making process.

Minnie's duty is to provide information regarding the business operations by analyzing data of each department.

6 0
3 years ago
Putnam Corporation makes a sleeping pill that is legally sold in the United States. Putnam has a contract with a chain of pharma
siniylev [52]

<u>Answer: </u>Yes, due to the action taken by the government it makes it difficult to perform under the contract.

<u>Explanation:</u>

When the contract was signed by Putnam corporation and the pharmacies it was legal and valid contract. Due to the after effects of the pills sold by the pharmacies Food and Drug Administration has passed new regulations that the drug sold is illegal. The contract should also abide by the regulations passed by government authorities.

So the contract between the pharmacy and Putnam becomes void. The pharmacy chain is out of the contract and need not sell the drugs which are addictive and which has caused few deaths.

6 0
3 years ago
Suppose that the local sales tax rate is 4 %4% and you purchase a car for $ 13 comma 600$13,600. a. How much tax is​ paid? b. Wh
Oksi-84 [34.3K]

Answer:

Here the A) the amount of tax paid would be $544 and B) and the car's total cost would be $14,144.

Explanation:

GIVEN INFORMATION -

Local tax rates  - 4%

Purchase cost of car is - $13,600

A) Formula for taking out the amount of tax paid is -

  Purchase cost of car X Local tax rate

= $13,600 X 4%

= $ 544

B) For taking out the total cost for the car -

Purchase cost of car + amount of tax paid

= $13,600 + $544

= $14,144

4 0
3 years ago
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