Answer:
16 guests
Explanation:
If each guest is getting 1/8 of a pie, it means one pie is being divided into eight parts. One part is 1/8. One pie will be served to eight guests.
Two pies will be sufficient for 2x 8 = 16 guests.
Answer:
Total amount reported for intangible assets: $90,400
Explanation:
An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory
Among the listed items, tangible assets in Joni Kingbird Inc. include Trademarks of 14,300 and Excess of cost over fair value of net identifiable assets of acquired subsidiary 76,100. The total intangible asset is $90,400
.
Deposits with advertising agency for ads to promote goodwill of company 11,100, will not book in intangible asset as it’s just deposit now, the total cost after this work is completed will then book in intangible asset.
Answer: Option(a) is correct.
Explanation:
Correct option: Primary; secondary
Primary market is a market in which new stocks and securities are issued for the first time. Firms are selling their shares and bonds for the first time to the public. For example; IPO (Initial Public Offering).
Secondary market is a market in which buying and selling of already owned securities takes place. In this type of market investors trade with each other rather than with issuing firm.
Answer:
See the explanation below.
Explanation:
<u>Details Amount ($) </u>
Issued common stock 74,000
Dividend paid (13,000)
Settlement of note payable (120,000)
Treasury stock acquired <u> (120,000) </u>
Net cash flows from financing activities <u> (179,000) </u>
