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notka56 [123]
3 years ago
5

Pout Company reports assets with a carrying value of $420,000 (including goodwill with a carrying value of $35,000) assigned to

an identifiable reporting unit purchased at the end of the prior year. The fair value of the reporting unit is currently $350,000, and the carrying value of the net assets held by the reporting unit is $330,000. At the end of the current period, Pout should report goodwill of
Business
1 answer:
fiasKO [112]3 years ago
7 0

Answer:

Pout should report goodwill of $20,000

Explanation:

Pout Company's assets with a carrying value = $420,000

Goodwill = $35,000

Pout Company's net assets carrying value = 420,000-35,000 = $385,000

Fair value of the reporting unit is currently = $350,000

Fair Value of Net assets = 350000-35000 = $315,000

Carrying value of the net assets held by the reporting unit = $330,000

Goodwill Impairment = 330,000 - 315,000 = 15,000

Value of Goodwill after impairment = 35,000-15,000 = 20,000

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The answer is whatever eye color your eyes because you are driving the bus. in my case, the asnwer is brown.

how about this one: a bus driver was heading down the street. He turned left at a no-left turn sign and went the wrong way down a one-way street. even though he passed right by a police officer, the police officer didn't arrest him. Why?








































































































A: The bus driver was walking. I never said that he was driving.

8 0
3 years ago
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Gruber Corp. pays a constant $8.45 dividend on its stock. The company will maintain this dividend for the next 15 years and will
nata0808 [166]

Answer:

The price of the stock today is $54.61

Explanation:

The stock of this company pays a constant dividend for a defined period of time after equal intervals. Thus, it is just like an annuity. To calculate the price of such a stock, we will use the present value of annuity formula:

Assuming that the dividend is paid at the end of the period.

Present Value of Annuity = Dividend * [(1 - (1+r)^-n) / r]

Where,

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The price of the stock today is,

P0 = 8.45 * [(1 - (1+0.13)^-15) / 0.13]

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3 years ago
Asset deflation: Multiple select question. reflects a decline in the productive capacity of assets and therefore reduces potenti
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Generally, a firm's asset deflation mostly reflects a decline in the productive capacity of assets and therefore reduces potential output.

<h3>What is an asset deflation?</h3>

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7 0
1 year ago
A normal good is defined as one:
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Answer:

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Explanation:

Normal goods are those with quantities demanded increasing when consumers' income increases. Quantity demanded and increase have a directly proportional relationship. Consumer staples such as foods, drugs, and fuel are considered normal goods.

<em>The opposite of normal goods are inferior goods which have decreasing quantities demanded in front of increases in consumers' income.</em>

5 0
3 years ago
On October 1, 20X6, Susan Thompson opened Thompson Decorating Services, a sole proprietorship. Susan began operations with $50,0
galben [10]

Answer: income statement: Net income $5,100, Statement of owners Equity :Total $35,100, Balance sheet : Total Liabilities $53,200, Total Asset $53,200

Explanation:

Thompson Decoration Services

Income Statement for the month ended 31 st October 20X6

$

Revenue. 18,300

Less Expenses

Salaries. 8,700

Advertising 2,500

Less: outstanding 700

-------

1,800

Taxes. 150

Postage. 1,800

Utilities. 100

Interest. 450

Miscellaneous. 200

------------

13,200

--------------

Net income. 5,100

-----------------

Statement of owners Equity for the month ended 31st October 20X6

Common Stock. Paid in capital. Retained Earnings Treasury stock Total

Balance Oct 1. 30,000. 30,000

Issued share for cash. - - - - -

Purchase of treasury stock - - - - -

Net income. - - 5,100. 5,100

Cash dividend. - - - - -

Stock dividend. - - - - -

------ ------ --------- ---------- -------------

Balance on Oct 31. - - 5,100 - 35,100

---------- -------- -------- ---------- --------------

Thompson Decoration Service

Balance sheet for the month ended 31st October 20X6

$

Current Asset

Debtors. 4,100

Account Receivable 14,200

-----------

Total Current Asset. 18,300

Fixed Asset

Van. 16,000

Office Equipment. 4,000

Furnishing. 14,900

-----------

Total Fixed Asset. 34,900

--------------

Total Asset. 53,200

---------------

Long term Liabilities

Capital. 30,000

Add: Net income 5,100

----------

35,100

Less: Drawing. 5,500

-----------

29,600

Loan. 20,000

-----------

Total Long term Liabilities 49,600

Current Liabilities

Outstanding 2,800

Interest. 450

Taxes. 150

Miscellaneous 200

--------------

Total Current Liabilities 3,600

--------------

Total Liabilities. 53,200

----------------

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