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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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Roman buys seed packets for the school garden. One packet of radish seeds costs $1. 75. One packet of tomato seeds costs $2. 50.
bezimeni [28]

Roman may buy 23 tomato and 9 radish,  for the school garden.

 

<h3><u>Calculation:</u></h3>

Let (r) represent the cost of one packet of radish seeds, and

Let (t) represent the cost of one packet of tomato seeds.

Amount spent by roman = $62.75

It denotes that;

\ 1.75r +2.5t = 62.75.......equn. 1

Roman bought 32 packets of seeds and one packet of radish seeds costs = $ 1.75.

One packet of tomato seeds costs =  $ 2.50.

It denotes that,

\ r+t=32.....equn.2

Substitute t=9 , and r= 23, we have

In eq. 1

\ = 1.75\times9 + 2.5\times23 = 62.75\\ = 15.75+57.5 \neq  62.75 \\ = 62.75 = 62.75

In eq.2

\ =32=23+9 = 32\\

Here, both the equations are satisfied, therefore, option [C] is correct.

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3 years ago
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andriy [413]

Answer:

The answer is ALL

Explanation:

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2 years ago
Consider two countries Daria and Atlantis. Daria is a major producer of wheat and rice while Atlantis specializes in the product
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Which elements do you think need to go in a fire prevention plan?
il63 [147K]

Answer:

I. Means of reporting fires and other emergencies.

II. Evacuation procedures and emergency escape route assignments.

III. Procedures for employees who remain to operate critical plant operations before they evacuate.

IV. Accounting for all employees after an emergency evacuation has been completed.

V. Rescue and medical duties for employees performing them.

VI. Names or job titles of persons who can be contacted.

Explanation:

Firefighting can be defined as a strategic approach or technique which typically involves the process of attempting to prevent and control the spread of an unwanted fire in buildings, vehicles or any other location (place).

Basically, the professionals or experts who are saddled with the responsibility of preventing or controlling this unwanted fire are known as fire fighters.

A fire prevention plan can be defined as a strategic framework or model which comprises of all the necessary actions to take in order to prevent fire in a particular location.

The elements that would need to go in a fire prevention plan includes;

I. Means of reporting fires and other emergencies.

II. Evacuation procedures and emergency escape route assignments.

III. Procedures for employees who remain to operate critical plant operations before they evacuate.

IV. Accounting for all employees after an emergency evacuation has been completed.

V. Rescue and medical duties for employees performing them.

VI. Names or job titles of persons who can be contacted.

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Whether you are dealing with a loan or a credit card, the percentage used to calculate the amount of interest you owe is known a
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