1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena55 [62]
3 years ago
8

Twilight Corporation acquired End-of-the-World Products on January 1, 2020 for $6,200,000, and recorded goodwill of $1,000,000 a

s a result of that purchase. At December 31, 2021, the End-of-the-World Products Division had a fair value of $5,440,000. The net identifiable assets of the Division (including goodwill) had a carrying value of $5,740,000 at that time. What amount of loss on impairment of goodwill should Twilight record in 2021
Business
1 answer:
scoray [572]3 years ago
7 0

Answer:

Loss on impairment of goodwill that should be recorded is $300,000

<u />

Explanation:

Carrying value of net identifiable assets   $5,740,000

Less: Fair value                                            <u>$5,440,000</u>

Loss on impairment of goodwill                <u>$300,000</u>

You might be interested in
What is a way to protect your social security number and other sensitive information from identity theft?
oee [108]
It is definitely D lol
7 0
3 years ago
Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted eac
bekas [8.4K]

Answer:

Answer for the question:

Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct labor time per unit (hours)" and "Direct labor cost per hour" answers to 2 decimal places.)

is explained in the attachment.

Explanation:

Download pdf
7 0
3 years ago
Explain The stress on forbidding overspending.<br>1-<br>2-<br>3-​
kirill115 [55]

Answer:

Explanation:

1- It starts an unhealthy cycle. Often, when you stress spend, you’re doing it to relieve stress and even bring some happiness. But it’s rather quick fix, In fact, it could cause more stress once you see you’re racking up debt. Rather than spend more, take time to actually address the problem.

2- It takes away from your financial goals. Whether you’re saving for a house, car, vacation, or retirement, you’re working toward some sort of financial goal. But, unfortunately, those dreams can often get lost amongst the shortcuts and spending sprees we go on when we’re stressed.

3- It all adds up. That car you just bought That’s $15. Or what about that burger you hurriedly grabbed for lunch the other day? That’s another $10. Maybe you’re drinking more beer than usual, and you’ve been a frequent bat customer. Even if you go on a stress-spending spree for only a few weeks, it’s definitely enough time to still wreak havoc on your finances. Just remember: small expenses add up.

7 0
2 years ago
In which step of the strategy formulation process would a swot analysis take place? developing tactical and operations plans set
Tanzania [10]

The answer is <u>"Analyzing the organization and the environment".</u>

<u></u>

SWOT analysis refers to an important tool that helps organizations or businesses in the assessment and revelation period of strategic planning. Since it gives an inside and out perspective on the present and forward-looking circumstance of a business, the term SWOT is frequently connected with strategic planning. Both assume a vital job in the high-level planning of businesses as they include imperative information, which once recognized and analyzed, can accomplish long term business development and achievement. However, they are connected, the two ideas are distinctive components during the process of business planning.

3 0
3 years ago
What are some types of graphics you can add to a Word document?
zavuch27 [327]
You can add in shapes or change the color of the paper to like a lined piece of paper, also you can add pictures
7 0
3 years ago
Other questions:
  • Next week, Super Discount Airlines has a fight from New York to Los Angeles that will be booked to capacity. The airline knows f
    11·1 answer
  • A(n) __________is a test where a candidate is put into a high-pressure situation in a controlled environment so that the danger
    14·1 answer
  • In your role as production planner, you have experienced too many stock outs on one particular item. This item has 348 pints of
    14·1 answer
  • Amy wants to invest money for two years. She doesn’t know which investment is best for her. What should Amy do?
    13·1 answer
  • Which scenario is an example of a true ethics dilemma? a. Sure-Good Soup Company is thinking about using more expensive organic
    10·1 answer
  • A put option with several months until expiration has a strike price of $55 when the stock price is $50. the option has _____ in
    13·1 answer
  • Explain the disadvantage of accounting​
    7·2 answers
  • Self-management is about (1) knowing who you are and what you want to accomplish in your life, and (2) making these things happe
    13·1 answer
  • AN IMPLIED CONTRACT CAN BEST BE DEFINED AS: WILL NOT BE RECOGNIZED AS ENFORCEABLE BY THE COURTS A TRUE FORM OF A FORMAL CONTRACT
    5·1 answer
  • Suppose you win on a scratch‑off lottery ticket and you decide to put all of your $3,500 winnings in the bank. The reserve req
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!