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
Lego en tu cuaderno un cuadro como el siguiente banderín de causas consecuencias y propuestas para la salida de la crisis económ
Butoxors [25]

Answer:

hi im just getting my points

Explanation:

and im good btw

8 0
3 years ago
Writers should use words carefully and construct sentences skillfully to emphasize main ideas and de-emphasize minor ideas.
nirvana33 [79]

Answer:

The correct answer is letter "B": Congratulations! We would like to offer you the position of senior analyst.

Explanation:

Direct writing implies providing relevant information at first and additional details at the end. This is to avoid misinterpretation of the message and to avoid running in circles before giving the audience news that can be of interest. Direct writing must be objective and avoid exuberance. Thus, the phrase:

<em>Congratulations! We would like to offer you the position of senior analyst.</em>

Meets the direct writing criteria since it straight provides the information the reader was waiting for -being accepted or not for the senior analyst position.

8 0
3 years ago
Costs that vary in total in direct proportion to changes in an activity level are called: Group of answer choices fixed costs su
mina [271]

Answer:

variable costs

Explanation:

Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments

If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.  

Hourly wage costs and payments for production inputs are variable costs

Variable costs are costs that vary with production

If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.  

7 0
3 years ago
Red Empire Inc., a large multinational company owned by two partners, is active in the petroleum, capital market, chemicals, ste
Nezavi [6.7K]

Answer:

D. A conglomerate

Explanation:

A Conglomerate is a big corporation that is composed of a various combinations of business entities seemingly unrelated but under one corporate group. It is a big organization that has numerous products and services which vary extensively from one another. It is a big parent company comprising of many subsidiaries producing different products and offering different services. In this case, Red Empire is a conglomerate, the parent company having subsidiaries in petroleum, capital markets, chemicals, steel, beverages, hospitality, airlines, education, automobiles, and consumer electronics industries all with their various brand names.

3 0
3 years ago
On July 1, 2019, immediately after recording interest payments, Salsa, Inc. retired one fifth of its $500,000 of bonds payable f
krek1111 [17]

Answer:

A gain of $2, 500 will be reported on the income statement.

Explanation:

When a bond is issued at par it means that there are no discounts or bond premium. Rather the bonds that are issued at par will be sold at face value.

This means that the bond's contract and market rates are equal.

Therefore in this scenario one fifth of the bond was sold at $97,500.

Value of the bond is $500,000, so the market value of portion of bond sold is:

(1/5)* 500,000= $100,000

However the amount payable is $97,500

Profit made= Market price - Amount payable

Profit made = 100,000 - 97,500= $2,500 gain

4 0
3 years ago
Other questions:
  • What’s cash discount
    10·1 answer
  • Suppose that Brian, an economist from a business school in Georgia, and Crystal, an economist from a university in Massachusetts
    7·1 answer
  • nnette Henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. For any work on the fifth day and
    8·1 answer
  • In a remote valley, two businesses share a waterway. Tom's Tomato Farm pumps water from a river and uses it to irrigate its fiel
    11·1 answer
  • Which of these is NOT one of the primary objectives of an operations and supply chain​ strategy?
    13·1 answer
  • The Breeze trading company discloses the following information for the month of August 2016.
    7·1 answer
  • Four-Nine Corporation issued bonds that pay interest every January 1. The entry to accrue bond interest at December 31 includes
    7·1 answer
  • You believe that stock prices reflect all information that can be derived by examining market trading data such as the history o
    10·1 answer
  • Which resources does the us department of labor provide or sponsor? check all that apply. a state’s department of education sear
    15·2 answers
  • the balance in the prepaid rent account before adjustment at the end of the year is $32,000, which represents four months' rent
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!