Answer:
b. The fair value of the contingent consideration is included in the overall fair value of the consideration transferred, and a liability or additional owners' equity is recognized.
Explanation:
Measuring the fair value of contingent consideration for financial reporting is a complex process – based on a number of variable inputs, unique risk profiles, and potentially complicated payoff structures.
Answer: Fairness and Honesty
Explanation:
Fairness and honesty are vital to every business ethics and it related to thee general values of the decision makers. Firms are expected to follow applicable laws and regulations and are expected not to cause harm or injury to employees, customers, clients, or competitors through coercion, deception,misrepresentation, or discrimination.
False and misleading advertising can lead to business failure, hence, Truthfulness about a produt's safety and its quality are also vital to consumers.
Answer:
Adam smith is Abigail Smiths husband
Explanation:
They have been married for centies
Answer:
$3,340
Explanation:
Step 1 : Determine the Depreciation rate
<em>Depreciation rate = Cost - Salvage Value ÷ Estimated Units</em>
Depreciation rate = $0.10
Step 2 : Depreciation Expense
<em>Depreciation Expense = Depreciation rate x units produced</em>
Depreciation Expense = $3,340
Therefore,
the machine's second-year depreciation using the units-of-production method is $3,340
