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swat32
2 years ago
14

1. A company acquires all of the assets and liabilities of another company. Which statement is false? A. The acquired company no

longer exists as a separate entity. B. The acquiring company reports the acquired assets and liabilities at fair value at the date of acquisition. C. The acquiring company does not revalue its assets and liabilities to fair value at the date of acquisition. D. The acquiring company does not report acquired intangible assets unless they are already reported on the acquired company's books.
Business
1 answer:
Scilla [17]2 years ago
8 0

Answer:

The answer is D.

Explanation:

When a company is acquiring a company, it is buying all the assets and liabilities of the acquired company.

The acquiring company will report the intangible asset(Goodwill). It is a purchased goodwill. Goodwill is the difference between purchase price and the net asset of the acquiring company.

Acquiring company will no longer exist because the acquired is buying all of the acquiring company's share.

All the assets and liabilities will be valued and reported at fair value to show the current market price.

It is not necessary for acquiring company to revalue all its assets and liabilities.

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ikadub [295]

Answer: Low risk taking culture

Explanation:

Organisational culture includes the behaviour, beliefs, value and principles in which an organisation operates on. It's entails the way business are done, decisions are made etc.

Low risk taking is an organisation culture aimed at minimising risks. Recommendations and Decisions are based on facts and genuine data not on abstract and unreal thoughts with decisions fully documented.

7 0
2 years ago
When using the interval recording method, regardless of the number of responses, if the behavior occurs in a given segment, the
jekas [21]
The statement above is true. When using interval method, it does not matter the number of responses, if the behavior occur in a given segment then the observer has to record it as a single event. For instance, in an English class of one hour, that is divided into six segments of ten minutes each. It does not matter the number of responses, if the behaviour occurs within the segment of ten minutes, then it has to be recorded as a single event.
6 0
3 years ago
For seven years, Stanford Owens has run a successful practice that helps small businesses file their taxes, become incorporated,
Shalnov [3]

Answer:

The answer id: D) Yes, because Stanford and DiggyWerx each receive a benefit and incur a detriment.

Explanation:

Both Stanford and DiggyWerx both receive a benefit from this contract; Stanford gets $5,500 and DiggyWerx gets accounting services for six months.

They both also incurred detriment since; Stanford promised to perform his accounting duties and DiggyWerx promised to pay him money.

Both parties incurred detriment (promised to do something) and something of value is exchanged benefiting both parties, so consideration exists and therefore the control is enforceable.

6 0
3 years ago
Lower of Cost or Market The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Uni
Nina [5.8K]

Answer:

  $52,860

Explanation:

The computation of the ending inventory using the  lower of cost or market method is shown below:

Product                    Cost           Net realizable value Lower of cost or NRV

RSK-89013 600 × $38 = $22,800 600 × $47 = $28,800   $22,800

LKW-91247 420 × $47 = $19,740     420 × $40 = $16,800        $16,800

QEC-57429  510 × $26 = $13,260    510 × $32 = $16,320         $13,260

Carrying value of the ending inventory is                                       $52,860

7 0
2 years ago
Once a customer has committed to a partnership, less work is needed to maintain the relationship.
alex41 [277]
The answer to the given statement above is false, it is because even if a person has entered a partnership, it does not mean less work and effort should be done to maintain the relationship because having no effort in maintaining this relationship could only cause the bond to diminish and destroy. It is best to have an equal amount of work done in order to maintain a relationship with the partner.
4 0
3 years ago
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