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2 years ago

On May 1, Soriano Co. reported the following account balances along with their estimated fair values:

Business

1 answer:

s2008m [1.1K]2 years ago

6 0

Answer:

Receivables (Dr.) $143,600

Inventory (Dr.) $76,400

Copyrights (Dr.) $577,000

Patented Technology (Dr.) $913,000

Goodwill (Dr.) $32,800

Current Liability (Cr.) $197,000

Long term liability (Cr.) $658,300

Cash (Cr.) $845,000

Contingent Consideration (Cr.) $42,500

Professional Fee Expense (Dr.) $141,000

Cash (Cr.) $141,000

Paid of Investment banking firm

Explanation:

Total of Assets 1,710,000

Total of Liabilities 855,300

Net Assets 854,700

Total Fair value of identifiable Assets 854,700

Fair value of contingent Liability 42,500

Consideration Paid as Cash 845,000

Good will $32,800

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a. The division of activities into unit level, batch level, product sustaining level and facility level categories is commonly known as cost.

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3 years ago

In East Germany, back before the Berlin wall fell, there was one manufacturer of cars (VEB Sachsenring Automobilwerke Zwickau).

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Based on the information given the East Germans were living with COMMAND economy.

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3 years ago

10. Which of the following factors should be considered when deciding on a career choice? Select

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Answer:

Explanation:

A career is a type of occupation that is done during a specific period of time. Careers offer a chance for progress. When choosing a career, one should consider the following factors;

1. Job requirements

One should consider the job requirements of that particular career since these requirements always determine how well one will perform in his/her career. The job requirements to be considered are; education level, level of expertise needed, and the experience.

2. Short-term goals

A short term goal is a set of predetermined achievements that one needs to attain usually in a short time frame. A career is an undertaking that is always long-term and therefor needs long-term goals rather than short-term goals.

3. Skills and interests

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2 years ago

The output of u. S. Citizens who work in canada would be included in the

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The output of u. S. Citizens who work in Canada would be included in the: D. Gross domestic product.

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Therefore the correct option is D.

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1 year ago

Sally Smith decided to start a sea shell business. Her initial investment in the business consisted of $10,000 in cash. Record t

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