1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Allisa [31]
3 years ago
8

Burrough Corporation paid $80,000 to acquire all of Helyar Company’s net assets. Helyar reported assets with a book value of $60

,000 and fair value of $98,000 and liabilities with a book value and fair value of $23,000 on the date of combination. Burrough also paid $3,000 to a search firm for finder's fees related to the acquisition. What amount will be recorded as goodwill by Burrough Corporation while recording its investment in Helyar?
Business
1 answer:
german3 years ago
6 0

Answer: the goodwill is $5000

Explanation:

We don't take into account $60,000 because we are going to use the fair value or the reasonable price.

Net assets = Assets-liabilities

Net assets = $98,000 - $23,000

Net assets= $75,000

Burrough Corporation pay $. 80,000 (We don't take into account $3000 paid to another firm)

So the goodwill pay is $80,000-$75000= $5,000

You might be interested in
Select the education and qualifications that are most helpful for Business Analysis careers. Check all that apply.
Eva8 [605]

Answer:

computer skills,marketing skill ,research skill ,bachelor degree in finance,problem solving skills.

Explanation:

6 0
3 years ago
Read 2 more answers
Donna, a corporate director, sold 100 shares of stock in her corporation on June 1, 2007. The selling price was $10.50 a share.
ivolga24 [154]

Answer:

Yes, this could be considered insider trading.

Explanation:

Insider trading refers to activities carried out in order to benefit from confidential information about publicly traded corporations. Generally speaking, those activities involve buying or selling stocks before some important information is known by the public.

In this case, Donna as corporate director knew that the financial statements would disappoint and therefore the stock price would fall. So she decided to sell her stocks before the public knew about the lower profits, or lower sales, etc.. Then after the stock price fell, she decided to purchase stocks again at a much lower price.  

4 0
3 years ago
What are the elements of the gap in the London hotel luxury market?
iogann1982 [59]

The elements of the gap in the London hotel luxury market are airport hotels, business hotels, suite hotels and resorts etc.

<h3>What elements in the London hotel luxury market?</h3>

The world luxury hotel market center is mainly on the type and geographical segment. The luxury hotels type segment includes airport hotels, business hotels, suite hotels, resorts, and others (eco-hotel and serviced apartments). The fashion agency is trying to enter China's booming luxury market.

The emotional relation between luxury hospitality and creating that 'home-from-home' feeling that is linked to the result, the service, and the people. Together they generate a guest experience that is special to the brand and the property. Luxury hotels should have at least one full-service, Michelin-starred restaurant, and ideally more than one.

So we can conclude that the luxury market is a market for expensive goods that are not required but are bought for contentment.

Learn more about luxury hotels here: brainly.com/question/17329032

#SPJ1

8 0
1 year ago
Where would period costs be found on the financial​ statements?A. As operating expenses on the income statement in the period in
zvonat [6]

Answer:

A. As operating expenses on the income statement in the period incurred

Explanation:

In Variable Costing, Both Fixed Manufacturing Costs and Non - Manufacturing Costs are treated as Period costs. In Absorption Costing, only Non - Manufacturing Costs are treated as Period costs.

Period Costs can be found under operating expenses on the income statement in the period incurred.

Examples include Advertising, Rentals, Selling and Distribution and any Administration costs.

4 0
4 years ago
Fran’s Crazy Salts has just been bought by Allspice. Employees are unsure of what that will mean for their jobs, as Allspice alr
Vaselesa [24]

Answer:

Option d is correct.

<u>Adapting to mergers</u>

Explanation:

The change agent has the activity close by to ingrain trust in the workforce by coming up unmistakably on the organisation's approach for the current workforce ( of past organisation) so they can make certain about their future with the organisation and decide their future strategy. Adapting to mergers is the correct choice as the change specialist needs to prepare the workforce work and submitted as ahead of schedule as could reasonably be expected.

8 0
3 years ago
Other questions:
  • The opportunity cost of earning an advanced college degree is that:
    9·2 answers
  • For consumers, pizza and hamburgers are substitutes. a rise in the price of a pizza causes ________ in the equilibrium price of
    15·1 answer
  • Which may occur as a result of a decrease in the price of laptop computers?
    11·1 answer
  • Each week, radio reaches about what percentage of all adults and teenagers? 94 percent, 91 percent
    8·1 answer
  • Which of the following is a significant decline in general economic activity over an extended period that includes declining rea
    5·2 answers
  • Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-d
    8·1 answer
  • Magnolia Candle Inc. pays 10% of its purchases on account in the month of the purchase and 90% in the month following the purcha
    15·1 answer
  • You have $B in your bank account. You are asked if you would like to participate in a bet in which, if you win, your bank accoun
    13·1 answer
  • Discuss how Zipcar is more a lifestyle brand than a travel brand, and what this means. How does this impact the company's promot
    9·1 answer
  • Marking best answer brainliest.<br>need asap.​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!