Answer:
Explanation:
From the information povided:
(a) To compute the amount of goodwill paid by Chicago Corporation
Particulars Amount ($)
Accounts Receivable 100000
Inventory 170000
Plant & Equipment 400000
Land 90000
Customer List 4000
Trade Names <u> 16000</u>
NET ASSETS (A) <u>780000</u>
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Current liabilities 76000
Non-current liabilities <u>160000 </u>
NET LIABILITIES (B) <u> 236000</u>
∴
PURCHASE CONSIDERATION (A -B) 544000
<u>Less:</u> Cash Paid <u> 580000</u>
GODWILL <u> 36000 </u>
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b)
In the books of Chicago Corporation, the Journal Entry to record the purchase of Naperville Company.
Account Name Dr. Cr.
Accounts Receivable A/C 100000
Inventory A/C 170000
Plant Equipment A/C 400000
Land A/C 90000
Customer List A/C 4000
Trade Names A/C 16000
Goodwill A/C 36000
Current liabilities A/C 76000
Non-Current Liabilities A/C 160000
Cash A/C 580000
c)
The minimum required amount of goodwill that Chicago can amortize by the end of 2020 is $3600.This is because the amortization can take place for a period of 10 years.
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True because we do put other things above each other and
The answer to the question of whether the export subsidy would make domestic producers sell steel to domestic consumers and sell the rest abroad is:
- False because the domestic producers would not want to sell at a lesser price than what they would have sold abroad.
<h3>What is Export Subsidy?</h3>
This refers to the government policy which is meant to discourage export of goods with the aim of regulating the economy which usually leads to the increase in the amount of customer surplus in the market.
With this in mind, we can see that the export subsidy has to do with the increase in domestic price whereby there is a higher cost for exports for producers.
Read more about export subsidy here:
brainly.com/question/7193712
I agree with the person above - the correct answer as to which statements are true about credit scores is C. both A and B, which means that c<span>redit scores indeed do reflect how likely individuals are to repay their debts and o</span><span>nly the credit bureaus know exactly how credit scores are calculated.</span>
Answer:
Empowered
Explanation:
In the given scenario employees in Seneco have the freedom of controlling their work hours, location, and even pay plans. Employees also participate in all organization decisions, including what businesses Senco should pursue.
This is a form of employee empowerment.
Employee empowerment is the act of giving an employee autonomy in decision making regarding their welfare and activities affecting the organisation.
Employees are more involved in decisions affecting their work. This fosters a sense of commitment to the business.
