Answer:
b. $20,000
Explanation:
Goodwill = Investment in Subsidiary - (Asset With book value - Liability with book value) - (Fair value of Asset - Book value of Asset)
Goodwill = $95,000 - ($86,400 - $15,000) - ($90,000 - $86,400)
Goodwill = $95,000 - $71,400 - $3,600
Goodwill = $20,000
So, parent should record goodwill on this purchase of $20,000
Answer:
goods produced abroad and sold domestically.
Explanation:
Exports are goods produced in the domestic economy and sold abroad.
Quotas limits placed on the quantity of goods leaving a country.
Countries trade goods for which they have comparative advantage and not absolute advantage.
I hope my answer helps you
filters reduces dust particles, scratches, and minute light disturbances in a image
Answer:
B. permanent, temporary, and permanent accounts
Explanation:
Having in mind the closing of accounts at the end of the accounting year, the <em>difference between permanent and temporary accounts</em> is the following:
- Permanent accounts are the ones that are not closed at the end of the account year; instead, their balance is moved to the following year, as the starting balance. <em>Asset </em>accounts which are permanent are: <u>Accounts receivable</u>, Investment, Equipment, Cash, while the permanent <em>Liability </em>accounts are Accounts payable, <u>Salary Payable</u>, Utilities Payable...
- Temporary accounts always start with zero balance when the accounting year begins. The balance at the end of the year is handled by moving it to another account. All sorts of revenues and <u>expenses </u>belong to this account category.
