Answer:
The amount of goodwill that is recorded by Large is $5 million
Explanation:
Goodwill is the excess of price consideration paid to acquire controlling stake in a company over the fair value of the company's net assets.
Net assets in the sense implies the fair value of total assets less fair value of liabilities.
Fair value of total assets is $9 million
Fair value of liabilities is $3 million
As a result net assets upon acquisition is $6 million($9 million less $3 million)
Since the consideration paid in acquiring Small's voting stake is $11 million, goodwill is $5 million($11 million less $6 million).
The $ 5 million is the excess of purchase consideration over the fair value of Small's net assets as at the date of acquisition
Olivia Johnson makes $125,000 a year as an exempt employee. if Olivia was paid on a biweekly basis her gross pay would be $ 5208.33.
<h3>What do you mean by Gross pay?</h3>
Before any deductions are done, a person's gross pay is their total earnings for a specific time period. Deductions such as mandated taxes and Medicare contributions, as well as deductions for company health insurance or retirement funds, are not taken into account when calculating gross pay. The gross pay definition differs from the net pay definition in that it does not include an individual's take-home pay.
The formula to calculate gross pay is mentioned below:
Net pay plus taxes and deductions equal gross pay.
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Answer:
The company‘s cash flows from financing activities is ($12,600), or cash deficit of $12,600
Explanation:
The cash flow from financing activities = Cash inflows from issuing equity or debt – dividend paid out – repurchasing equity or debt
= Issued common stock for $64,000 cash - Paid cash dividend of $14,600 - Paid $50,000 cash to settle a bond payable - Paid $12,000 cash to acquire its treasury stock
= $64,000 - $14,600 - $50,000 - $12,000 = ($12,600)
Answer:
d. $86,400.00
Explanation:
The computation of the total materials handling cost allocated to the prefab barns is given below:
Total Materials Handling Cost is $228,300
Total is
= 6600 ×860 + 9600 × 360
= $5,676,000 + $3,456,000
= $9,132,000
Allocation Rate = Total Materials Handling Cost ÷ Total direct labor hours
= $228,300 ÷ $9,132,000
= $0.025
Now
Total Materials Handling Cost allocated to prefab barns is
= Allocation Rate× direct albor hours for Modular Homes
= $0.025 × $3,456,000
= $86,400
Answer:
A claim against a customer is known as an account receivable.
