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nalin [4]
3 years ago
7

On September 1, 2017, Bridgeport Corporation acquired Aumont Enterprises for a cash payment of $800,000. At the time of purchase

, Aumont’s balance sheet showed assets of $630,000, liabilities of $180,000, and owners’ equity of $450,000. The fair value of Aumont’s assets is estimated to be $760,000. Compute the amount of goodwill acquired by Bridgeport.
Business
1 answer:
larisa [96]3 years ago
6 0

Answer:

$220,000

Explanation:

Net Amount of assets taken:

= Fair value of assets - Liabilities taken over

= $760,000 - $180,000

= $580,000

Value of Goodwill acquired by Bridgeport:

= Purchase consideration - Net Amount of assets taken

= $800,000 - $580,000

= $220,000

Therefore, the amount of goodwill acquired by Bridgeport is $220,000.

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Several employees are facing the possibility of being laid off from work. By concluding that they should look for new jobs
VLD [36.1K]

By concluding that they should look for new jobs  happens, they are solving problems.

C. solving problems.

<u>Explanation:</u>

Several employees face this problem of getting fired or laid off from work due to many reasons like drop in business profits, bankruptcy of the company, too much work force than required, not so competent work force, etc.

Before any situation like this occurs or when it is evident that something like this might occur the employees should start solving problems.

Therefore, whenever there is a possibility of being laid off occurs they first and foremost solve their problems.

7 0
3 years ago
Which statements about the offer are true? Check all that apply.
svp [43]

Answer:

there is no picture

Explanation:

4 0
3 years ago
Which of the following systems would work best for a very standardized product that has a fairly high and predictable demand? a.
Margaret [11]

Answer:

The answer is b. make-to-stock system

Explanation:

Make-to-stock system  is a build-ahead production approach in which production plans may be based upon sales forecasts and/or historical demand. It is a traditional production strategy that is used by businesses to match the inventory with anticipated consumer demand.

5 0
3 years ago
A business cycle reflects changes in economic activity, particularly real gdp. the stages of a business cycle are?
Lostsunrise [7]

The business cycle goes through four major phases: expansion, peak, contraction, and trough.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products.

Enterprise is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A business can be a commercial or non-commercial organization. The types range from corporations with limited liability to sole proprietorships, corporations and partnerships.

The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home.

Learn more about business here:brainly.com/question/24553900
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8 0
2 years ago
Brent is a full-time exempt employee in Clark County, Indiana. He earns an annual salary of $39,360 and is paid semimonthly. He
serious [3.7K]

Answer:

  • Federal Income tax ⇒ $80
  • FICA ⇒ $125.46
  • State income tax ⇒ $52.97
  • Local deduction - Clark County Income tax ⇒ $29.52

Explanation:

Brent gets paid semi-monthly so his pay per period is:

= 39,360 / (12 months *2)

= $1,640

Based on the table therefore, his federal tax is:

= $80

This figure is based on the intersection between income of $1,640 and 3 withholding allowances.

FICA tax rate is 7.65% so his FICA tax is:

= 1,640 * 7.65%

= $125.46

State income tax = $52.97

Local deduction - Clark County Income tax = $29.52

Total deductions:

= Federal tax + FICA + State income tax + Clark County income tax

= 80 + 125.46 + 52.97 + 29.52

= $287.95

3 0
3 years ago
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