Answer:
The amount allocated to goodwill at January 1, 2017, is: $16,000
Explanation:
We talk of goodwill when a company acquires another one and is the difference between the cost to purchase the business minus the fair market value of the tangible assets netted the liabilities.
In this case the fair value of the assets is:
Assets $550,000 + $40,000 - $10,000= $580,000
The book value of the assets is corrected with the fair value, in this case we correct the value of the patent.
Liabilities $300,000
porcentage acquired 30%
price paid $100,000
$100,000 - ((580,000-300,000)*30%) = $16,000
True, but may also be false depending on what "tight budget" that company wants.
Hope this helps!
According to my opinion, what the agent did wrong is that he asked him to write the answers of the questions two more times because when we write again and again the same thing our handwriting changes.And what the agent did right is that he influenced him to compose all that he says as he directs the data to the suspect because in this way they can see whether the handwriting matches it or not.
The percentage of fixed costs in a company's cost structure.
<span>Having fewer customers in a business market can be a positive, since it allows for the business to get to know those customers they do serve more closely and allows them to better cater to their needs. However, it can also be a negative because it makes every transaction with a customer vital to the overall bottom line and the vitality of the business.</span>
