Answer:
$710,000
Explanation:
For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:
The fair value of net asset = The fair value of Skysongâs assets - the fair value of liabilities
= $890,000 - $180,000
= $710,000
And, the acquired value of Skysong Enterprises for cash is $790,000
So, the goodwill would be
= $790,000 - $710,000
= $80,000
Answer:
Face Value of the Bond = 40000
Effective Interest = 4%
Coupon rate = 4%
Years to Maturity = 4
Quarterly Coupon rate = 1%
No. of compounding periods = 16
Present Value of Face (40000*.85282) $34,112.85
Present Value of Interest Payments (800*14.7179) <u>$5,887.15</u>
Total $40,000.00
Face Value of Bond <u>$40,000.00</u>
Initial Amount of Discount/(Premium) <u>$0.00 </u>
Note: As the bonds are issued at par, there is premium or discount.
Answer:
The correct answer to the following question is that the common characteristic among small online business is of high value to weight ratio.
Explanation:
A value to weight ratio represents the monetary value of a product in terms of pound or kilogram . This factor is really important in determining how the product would be shipped to the market. A high value to weight ratio means that the product that is being shipped is expensive and it doesn't weight a lot , so the shipping cost on it would be low . So it would be better to produce such products at one place and ship all of them from there.
Answer:
The correct option is D,credit to Preferred Stock for $1,600,000 and Paid-in Capital in Excess of Par-Preferred Stock for $320,000
Explanation:
The total par value of the preferred stock issue is $100 multiplied by 16,000 which gives $1,600,000 while the remaining $20 per share multiplied by 16,000 that gave rise $320,000 goes to the credit of paid-in capital in excess of par-preferred stock account.
Option A is wrong because the preferred has a par value of $100 hence the total cash proceeds cannot be posted to preferred stock account alone.
Option B is wrong because the excess of $20 per share cannot be posted to retained earnings since it is net income
<span>John would want to be the member as a limited partner. This would allow him to be an owner of the company and provide leadership (and also receive earnings) without being liable for the firm's debts. A limited liability corporation (LLC) allows for the owners to not be responsible for the debts of the firm.</span>
