Answer:
Goodwill is:
The excess of the fair value of a business over the fair value of all net identifiable assets.
Explanation:
This definition of Goodwill implies that it is usually acquired by the purchaser of another business, when it pays a price higher than the fair market value of the other company's net assets. It is not a physical asset like property, plant, and equipment, but intangible.
Goodwill arises from a company's good reputation, loyal customers or clientele base, brand identity, talented workforce, and proprietary technology.
Goodwill does not have a definite life and under US GAAP and IFRS standards. Therefore, it is not amortized like other intangible assets but is evaluated for impairment every year.
Answer:
The standard cost for one hat is $ 11.65
Explanation:
The standard cost of a hat is determined after consider all the manufacturing costs components in it. Based on the data available, it is calculated as under:
Standard Material 3/4 yards @ $ 4 per yard $ 3.00
Standard Labor 1 hour at $ 5.75 per hour $ 5.75
Factory overhead $ 2.90 per direct labor hour <u>$ 2.90</u>
Standard cost for one hat <u>$ 11.65</u>
The factory overhead has been considered at one hour, which is the direct labor hour in the standard calculation.
An increasing proportion of influential financial decisions are being made in Major corporate centers such as New York, London, and Tokyo in
new global economy.
<h3>What is global economy?</h3>
The global economy serves as the economy of all humans of the world, which is the global economic system.
And this includes all economic activities which are conducted both within and between nations.
Learn more about economy at;
brainly.com/question/13628349
Answer:
320 Investments—Debt and Equity Securities
10 Overall
25-4 Recognition
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