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vaieri [72.5K]
2 years ago
11

A subsidiary has previously unreported brand names valued at $50 million at the date of acquisition. The brand names have an ind

efinite life. It is now the end of the second year since acquisition, and you are consolidating the accounts. The subsidiary still owns the brand names. Impairment testing reveals that the brand names were impaired by $5 million in the first year and $7 million in the second year. Eliminating entry (E) will include a(n):
Business
1 answer:
Damm [24]2 years ago
4 0

Answer:

$38 million.

Explanation:

From the question, we are given the following data or information;

A subsidiary has previously unreported brand names valued = $50 million at the date of acquisition.

Impairment testing reveals that the brand names were impaired by $5 million in the first year.

Impairment testing reveals that the brand names were impaired by $7 million in the second year.

Therefore, Eliminating entry (E) will include a(n):

=> $(50 - 5 - 7) million = $38 million.

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<h3>What brings an increase in gross profit margin?</h3>

A retailer can experience an increase in the sales volume and this is one that can lead to a reduction in the cost of goods sold based on the fixed manufacturing cost per unit is said to be  smaller as production volume is getting bigger.

An increase in sales is known to be one that is followed by a decrease in cost of goods sold per unit that therefore leads to a higher gross profit margin.

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6 0
2 years ago
The standard deviations of individual stocks are generally higher than the standard deviation of the market portfolio because th
NISA [10]

Answer:

has specific risk

Explanation:

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So when individual stocks have higher standard deviation it means prices are less stable than that of market portfolio.

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6 0
3 years ago
Questions<br>why do we need to understand the idea of culture, society and<br>politics?​
My name is Ann [436]

Answer:

Because the all works that we did done and thinks to doing need some rules. Every thing in this world pepole looks this is wrong. We have to understand our culture because we live in the frame. The frame is culture anyone cqnt change it. Political like a game. Every politicions working for luxury life. They never think about the denziens of their country. As i think this is rhw reasone to understand the political.Socity is very diffrent. Always it full of curropution. we have to carefull of our self always.

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olasank [31]

Answer:

2. Stakeholders can potentially impact project development.

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Stakeholders -

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3 years ago
Under the double-entry system of accounting, a debit is always a negative entry.
mrs_skeptik [129]

It is a false statement that a debit is always a negative entry under the double-entry system of accounting,

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In accounting, this refers to the system for recording transactions based on recording increases and decreases in accounts so that debits equal credits.

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