Burrows' journal entry to record this transaction will include a debit to Cash.
<h3>Journal entry:</h3>
Based on the information given if Burrows borrowed the amount of $100,000 by signing a formal agreement to repay the bank the appropriate journal entry to record this transaction will include:
Burrows journal entry
Debit Cash $100,000
Credit Notes payable $100,000
(To record notes payable)
Inconclusion Burrows' journal entry to record this transaction will include a debit to Cash.
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Answer:
See below
Explanation:
Goodwill arises when is a business is acquired as a going concern. It is an intangible asset of a business. Goodwill represents the value of a company's customer base, its location, any patents, and the brand name. It consists of the value of suppliers, customers, and employee relationships that facilitates the smooth running of the business.
The value of goodwill is the difference between the purchase price and the net cost of its tangible and other intangible assets of a business. Amortization of goodwill means spreading the cost of goodwill to several financial years.
Goodwill is amortized because the business benefits from the goodwill for many years. In other words, the expenditure on goodwill will profit the company in more than one financial year. As per the matching principle, expenses and incomes should be recognized in the period they occur. As benefits will be enjoyed in many years, the expenses should also be spread in similar years.
Answer:
Which of the following would a corporate finance professional typically NOT work with?
Supply chain management
Explanation:
Supply chain management describe the set of production processes and logistics whose ultimate goal is the delivery of a product to a customer.
Answer:
price stock sell today is $141.67
Explanation:
given data
annual dividend = $8.50
stock = 6.0% = 0.06
to find out
what price stock sell today
solution
we know that here annual dividend and stock rate
so will find stock sell today by given formula that is
stock sell today = annual dividend / stock .............1
put here all these value
stock sell today = annual dividend / stock
stock sell today = 8.50 / 0.06
stock sell today = 141.67
so price stock sell today is $141.67
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