Answer:
Better financing options. ...
Already established brand. ...
Existing customers. ...
Well-established supply chain. ...
Access to trained staff and proven internal processes. ...
More financial reward in growth. ...
Greater likelihood of success.
Explanation:
Answer:
I dont mean to be rude, but you literally just gotta add in songs you like bro-
Explanation:
The answer is B. liabilities.
Answer:
a. False.
b. True.
c. False.
d. False.
e. True.
Explanation:
a. Assets other than cash are expected to produce cash in future at some point but it is not necessary that every asset produces exactly the same amount at which it is carried in the financial statements. For example there is account receivable balance of $100,000, but it is not mandatory that all receivable will be converted into cash overtime as there can be bad debts expense also which will result in reducing accounts receivable balance.
b. Annual reports are often used by existing and potential investors for decision making purpose whether it is beneficial to invest in a certain company based on its financial statements analysis, to identify the risks that the company is exposed, the ability of a company to generate cash flows, potential future earning capability of a company and going concern status.
c. The annual report is not solely used by its creditors/lenders, it is prepared for a wide range of users. For example: shareholders, directors, investors, etc.
d. Cash budget is not a financial statement and it is not mandatory in the annual report, four most important financial statements which are required in the annual reports are balance sheet, income statement, cash flow statements, and statement of stockholders' equity.
e. After the Enron scandal annual reports cannot contain managements verbal reasoning’s, they needs quantitative and reasoning’s based on facts and figures which can be verified and audited to avoid misleading information provided in the annual reports and reduce chances of window dressing in the financial statements.
Answer:
The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.
Explanation:
Amortisation Expenses for 2017
So Amortisation on Original Cost: ($18000/5) = $ 3600
Amorisation on legal expenses = $ 1500
(7500 x 6months/ Remaining life(i.e. 30 months)
Total Amortisation Expenses for 2017 = $ 5100
Therefore, The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.