Answer:
Step-by-step explanation:
Firm W owns the business
, both goodwill and going concern value are owned by it. So it has no tax liabilities and chooses not to report in its business tax return.
Firm X may have been acquired, it must amortize both goodwill and going concern for 15 years and that is why reported it on its tax return as deduction.
*Intangible assets that may not be listed on balance sheet during acquisition, must be amortized for 15 years.
Answer:
the time taken is 22 mins
Answer:
8 to 40, 2/10, 6:30
Step-by-step explanation:
8:40 -> 8 / 8 : 40 / 8 -> 1:5 WORKS
3:20 -> 3 / 3 : 20 / 3 -> Doesn't work
2:10 -> 2 / 2 : 10 / 2 -> 1:5 WORKS
6:30 -> 6 / 6 : 30 / 6 -> 1:5 WORKS
2:9 -> 2 / 2 : 9 / 2 -> Doesn't work
5:20 -> 5 / 5 : 20 / 5 -> 1:4 -> Doesn't work
Answer: 8 to 40, 2/10, 6:30
