85% is the right answer because I said so...
Answer:
The correct answer is
D. Request the client to have the bank seal the safe deposit box until the auditors can count the securities at a subsequentdate.
Answer:
Option "B" is the correct answer to the following statement.
Explanation:
The mental process define many different innovative methods such as logical assignments to assign a Process for the job, by this they get Information regarding job
.
In the Position Analysis method such as Question related to job small assignments , authorities try Innovative methods to find Potential of an individual and their characteristics.
Answer:
A.$200,000
B.Dr Loss on impairment $30,000
Cr Goodwill $30,000
Explanation:
(a) Computation of the amount of goodwill acquired by Vinson
Purchase price$900,000
Fair value of net assets $700,000
(Fair value of assets $950,000-
Fair value of liabilities $250,000)
Value assigned to goodwill $200,000
($900,000-$700,000)
(b) Preparation of Vinson’s journal entry to record impairment of goodwill.
Based on the information given we were told
the fair value of Carley is the amount of $720,000 while the implied fair value of goodwill is the amount of $170,000 and we were also told that carrying value of Carley’s net assets as well include the goodwill which is the amount of $750,000 which means that their is loss on impairment because the fair value amount is lower than carrying value which means that the journal entry to record impairment of goodwil will be ;
Dr Loss on impairment $30,000
($200,000 − $170,000)
Cr Goodwill $30,000
