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dsp73
3 years ago
14

Johan Co. has an intangible asset, which it estimates will have a useful life of 10 years, while Abco Co. has goodwill, which ha

s an indefinite life. Which company should report amortization in its financial statements
Business
1 answer:
Marrrta [24]3 years ago
5 0

Answer:

Johan Co.

Explanation:

Since in the question it is given that the Johan Co. has an intangible asset and we already know that on an intangible asset, the amortization expense is charged whereas on the other side the Abco Co has goodwill on which the impairment is charged

So, in the given scenario, the amortization should be reported on Johan Co financial statements only

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If Sal sends to Max a high priority e-mail message telling Max that his wife has just died, when in fact Sal knows this to be un
Alika [10]

Answer:

Max may be able to sue a Sal for infliction of emotional distress.

Explanation:

When a person causes distress to another individual is known as inflicting emotional distress, this act can be intentionally or unintentionally. Inflicting emotional distress can result in intense emotions that will result in anxiety and stress in people affected.

The infliction of emotional anguish is an act judged by the law for the emotional damage that it causes to the affected person, despite the absence of physical or material damage; currently, the courts take into account emotional suffering as a grievance towards the person.

For example, in the case of Max he can sue Sal for the emotional damage he caused when he received the mail informing the death of his wife, Sal was committing the act intentionally, since she knew it was not true, whereby Sal can be tried by a court if Max files the lawsuit for inflicting emotional distress.

<em>I hope this information can help you. </em>

5 0
3 years ago
What can participation in school activities reveal about<br> your self?
Ksju [112]

Explanation: Participation helps your teacher what you know. So your teacher can help you with certain things.

Hope this helped! :>

-TanqR

3 0
3 years ago
In general, consolidated financial statements should be prepared a.when a corporation owns more than 50% of the common stock of
anygoal [31]

Answer:

a.when a corporation owns more than 50% of the common stock of another company

Explanation:

Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.

Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.

If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.

5 0
3 years ago
In the experiment described in the passage, noumenon corporation was trying to determine the price that
sattari [20]
<span>The corporation was trying to determine the price that would bring in the most money.
The pricing of the product will be determined by several main factors such as the total cost to create the products , the situation with competitors, the rarity of the products,  and the predicted average earnings that their target consumers had,</span>
7 0
3 years ago
Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports.
Viefleur [7K]

Answer:

'Government Expenditure' not 'Government' is a component of GD[

Explanation:

GDP is the total value of goods & services produced in an economy during an year.

As per Expenditure method :

  • It is calculated as 'expenditure' done by all sectors of economy as "<em>one person expenditure is other person income</em>". 
  • 4 sectors are : households , firms, government ,rest of the world.
  • Their respective demand expenditures are : Private Final Consumption Expenditure , Government Final Consumption Expenditure, Investment (Gross domestic Capital Formation) , Net Exports.

4 0
3 years ago
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