Answer:
A) automatic processing
Explanation:
We process data in two basic ways: controlled processing and automatic processing. Controlled processing is a conscious process where we are aware of what we are doing. On the other hand, automatic processing happens unintentionally and without requiring our attention.
Answer:
$275,000
Explanation:
Goodwill in business combination arises when the price paid in acquiring a business exceeds the fair value of the acquired business net assets . The fair value is used rather than the carrying amount to ensure fairness and an unbiased result
<u>Workings</u>
Purchase consideration = 250,000*15 =3,750,000
Percentage acquired = 100%
Fair value of net asset = 3,000,000+400,000+75,000= 3,475,000
Goodwill = 3,750,000=3,475,000 =275,000
Answer: $19000
Explanation:
From the question, we are informed that Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019 and that for the year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement.
The amount that Vaughn debited to the appropriate account in 2020 to write off actual bad debts will be:
= $31000 - ($190000 - $178000)
= $31000 - $12000
= $19000
True, profits of a large corporation are taxed twice, once a corporate income and again as personal income of stockholders. This is because the corporation is taxed when they earn the profit but then the stockholders are taxed as it is paid out as income/earnings.
