Answer:
$17,800
Explanation:
Calculation to determine the balance of Gotebo's Cash account following these six transactions
Using this formula
Cash Account= Beginning Cash-Office equipment+Cash for Service rendered-Employee salaries
Let plug in the formula
Cash account = ($15,000 - $1,200 + $14,000 - $10,000)
Cash account= $17,800
Therefore the balance of Gotebo's Cash account following these six transactions is $17,800
Answer: b. decomposition
Explanation:
Decomposition is a project management technique that takes the entire project scope and all project deliverables and breaks them down into smaller components which makes it easy to manage.
However, decomposition may lead to more work without much value for the time spent and inefficient use of resources which will eventually lead to decreased work efficiency.
It involves:
1. Gathering of information on project deliverables to evaluate any related risks
2. Start the breakdown process at the highest level.
3. Decompose the higher levels into lower level detailed components.
4. Verify the degree of decomposition of the work if it is necessary and sufficient.
Answer:
Matthew owns 30 percent of the outstanding stock of Lindman and has the ability to significantly influence the investee's operations and decision making. On January 1, 2015, the balance in the Investment in Lindman account is $337,000. Amortization associated with this acquisition is $10,000 per year.
Explanation:
Answer:
Goodwill = $35,000
<u>Journal</u>
J1
Investment in Marino $300,000 (debit)
Cash $300,000 (credit)
J2
inventory $10,000 (debit)
equipment $230,000 (debit)
Trade Receivable $25,000 (debit)
Goodwill $35,000 (debit)
Investment in Marino $300,000 (credit)
Explanation:
Goodwill is the excess of Purchase price over fair value of Assets and Liabilities transferred in a Business combination agreement.
Goodwill = Purchase price - Net Assets Transferred (fair value)
= $300,000 - ($10,000+$230,000+$25,000)
= $35,000
Answer:
Because different insurance networks provide seperate benefits. For example a health insurance provider would give you injury-related insurances etc.
