Answer:
Journal Entry
Dr. Contingent Consideration Liability $500,000
Cr. Goodwill $500,000
Explanation:
It is assumed that the decline in the fair value is the correction of the acquisition entry. It means due to this event the consideration liability and goodwill are overstated we need to rectify the balances.
Hence,
The contingent consideration liability will be debited to reduce the liability and goodwill will also be decreased by crediting the goodwill account.
Answer:
$237,500
Explanation:
Cost of building $10,000,000
Avoidable Interest $300,000
Less;Salvage value ($800,000)
Depreciation Cost $9,500,000
Depreciation per year $9,500,000/40=$237,500
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Answer:
A grocery store in a perfectly competitive market can. reduce its advertising budget more than its competitors. differentiate its product with respect to other firms. ignore profit-maximizing strategies. freely enter or exit the market.
Answer:
True
Explanation:
The reason is that when the job becomes very standardized the person becomes highly trained in that core area which is a result of continuous supervision of the upper management and due to repetitive task assigned. The person who will be supervising Wesley will also be supervising other employees of same category as Wesley. So this is true and is very common in contemporary organizations.
