Answer:
The excess amount paid should be recognized as Goodwill.
Explanation:
Goodwill is the excess amount over net assets of the investee company, paid by investor to the shareholders of the investee company.
Goodwill is calculated as value paid to acquirer less fair value of net assets (fair value of assets minus fair value of liabilities).
Answer:
Mill's lien will prevail.
Explanation:
Generally speaking, King's security interest prevails over other the interests of unsecured creditors including credit card companies, etc. Bu tin this case, Mills had obtained a lien that was registered prior to King's security interest, therefore, a court would decide based on chronological order.
Answer: STRATEGIC PLAN
Explanation: Strategic plan is a well thought approach to deciding, determining and organising the flow of resources or the way activities are conducted. Strategic plan is known to consists of five parts or components which includes;
A vision statement which shows the future endeavours of the business or organisation.
A mission statement which is built based on the strategic objectives of the business or organisation.
Goals and Objectives which show what is to be achieved.
An action plan ways or steps to take towards achieving the goals. Details on how often the strategic plan will be reviewed and updated. The contributions of Jonah as the Chief marketing officer of the apparel company in this scenario is will most likely help to develop the STRATEGIC PLAN of the company.
Answer: Business entity assumption.
Explanation: assume enitities
