3 years ago

If a government accumulates chronic budget deficits over time, what's one possible result?

Business

1 answer:

Nana76 [90]3 years ago

6 0

I’d say the answer is D

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BARSIC [14]

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3 years ago

Assume that the fair values of the investee's net assets approximated the recorded book values of the investee's net assets, exc

Andrew [12]

Answer:

I could not find the exact details related to this question so here is a similar question to guide you.

Goodwill = Acquisition Price - Net book value (Investee)

= 75,000 - ( Assets - Liabilities)

= 75,000 - ( 90,000 - 40,000)

= $25,000

Identifiable noncurrent assets is overstated by $10,000 however. This will have to be adjusted for tax and then removed from Goodwill to find the Net goodwill that should be reported in the investor's consolidated balance sheet prepared immediately after this business combination.

= 10,000 ( 1 - 40%)

= $6,000

Net Goodwill = 25,000 - 6,000