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
<h2>
= $19,000</h2>
If you did not understand what the term accrual meant and failed to accrue the interest due at the end of the year on the company's bonds then the IMA standards that has been violated is competence.
<h3>What is competence under IMA?</h3>
The IMA has set different standards and they have a responsibility to comply and uphold those standards. These standards are:
• Competence
• Confidentiality
• Integrity
• Credibility Failure
The standard of competence requires maintenance of appropriate level of professional leadership and expertise by enhancement of knowledge and skills.
It also requires performing professional duties in accordance with relevant law, rules, regulations and technical standards.
Competence also requires providing decision support information and accurate recommendations which are clear, concise and timely. It helps in recognition and management of risks.
To know more about IMA standards, visit:
brainly.com/question/28189846
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Answer:
C : the lower-of-cost-or-net realizable value (LCNRV) basis.
Explanation:
<em>High-technology and fashion are types of industries likely to frequently use </em>''the lower-of-cost-or-net realizable value (LCNRV) basis''. These types of industries having an inventory that has an uncertain future.<em> Obsolescence, defects, oversupply, higher price declines, and similar obstacles can contribute to uncertainty about the realization of inventory</em> items and hence accountants of these industries evaluate inventory and employ lower of cost or net realizable value considerations.
Answer:
mainly because of the countries negative trade balance, but also because it is strictly regulated by the central bank which is the National bank of Ethiopia.
Answer:
Ans. The current price of the stock is $135.13
Explanation:
Hi, first, we need to find the price of the stock in year 9, since in year 10 is when the company starts to pay dividends. I know it could sound weird, but due the nature of the following formula, all future cash flows are brought 1 period before the first payment, in our case, if the first dividend is going to be paid in year 10, all the future cash flows of the share (future dividends) are going to be brought to year 9. The formula as follows.
Things should look like this
So the present Value (in year 9) is $228.31, but we need it in the present, therefore, we have to use another formula to bring this value to present value, given the required rate of return.
Where:
Return: The required rate of return (discount rate)
n: number of years from zero.
Everything shold look like this.
So the current price of this stock is $135.13.
Best of luck.
