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
svet-max [94.6K]
3 years ago
14

On January 1, 2016, Lester Company purchased 70% of Stork Corporation's $5 par common stock for $600,000. The book value of Stor

k net assets was $640,000 at that time. The fair value of Stork's identifiable net assets were the same as their book value except for equipment that was $40,000 in excess of the book value. In the January 1, 2016, consolidated balance sheet, goodwill would be reported at:A. $152,000. B. $177,143. C. $80,000. D. $0.
Business
1 answer:
Soloha48 [4]3 years ago
3 0

Answer:D. $0

Explanation:

Goodwill is the excess of the purchasing price of a company value of indentifiable net assets.. The purchasing price in this example is less than the value of the.

You might be interested in
In general, individuals and nations should specialize in producing goods _________ other individuals or nations.
denpristay [2]

Answer: In general, individuals and nations should specialize in producing goods <u>"C. for which they have a lower opportunity cost compared to"</u> other individuals or nations.

Explanation: According to the theory of comparative advantages: Each country should specialize in what is most efficient. A comparative advantage is the ability of one country to produce using relatively less resources than another.

4 0
3 years ago
Which example BEST illustrates that GDP (gross domestic product) is not always a good indicator of economic health?
Vaselesa [24]
<span>
 Which example BEST illustrates that GDP (gross domestic product) is not always a good indicator of economic health? </span><span><span>A)<span>The GDP falls when consumer spending declines.
</span></span><span>B)<span>Money spent repairing hurricane damage helps raise the GDP. 
</span></span><span>C)<span>Goods produced for infrastructure projects help raise the GDP. 
</span></span><span>D)<span>The GDP falls because scarcity of materials slows the rate of production.</span></span></span>
6 0
3 years ago
Read 2 more answers
What is the difference between Special warranty deed vs general warranty deed
GenaCL600 [577]

General warranty deed  and Special warranty deed are warranty deeds used for real estate sales where belongings, either residential or commercial, is transferred between organization unacquainted with each other. Possession of a property is transferred from the seller to the buyer with definite assurance against future problems or claims, which will defend the buyer against fraud.  

However, the assurance in a General warranty deed will cover the belongings entire previous account, the  Special warranty deed will only covers the time period for which the seller owned it. While the seller in a General warranty deed has to protect the title against all other assertion and compensate the buyer for any tentative debts or amends, the seller in Special warranty deed is only responsible for debts and problems accumulated or caused during his possession of the belongings.

6 0
3 years ago
What is a stock market
Dahasolnce [82]
It is a stock exchange 
5 0
3 years ago
Read 2 more answers
Method A assumes simple interest over final fractional periods, while Method B assumes simple discount over final fractional per
Marina86 [1]

Answer:

The answer is "1.1"

Explanation:

In the case of a single Interest, the principal value is determined as follows:

\ I = Prt \\\ A = P + I\\A = P(1+rt) \\\\A = amount \\P= principle\\r = rate\\t= time

In case of discount:

D = Mrt \\P = M - D \\P = M(1-rt)\\\\Where,  D= discount \\M =\  Maturity  \ value \\

Let income amount = 100, time = 1.5 years, and rate =20 %.

Formula:

A = P(1+rt)  

A =P+I

by putting vale in the above formula we get the value that is = 76.92, thus method A will give 76.92  value.

If we calculate discount then the formula is:

P = M(1-rt)

M = 100  rate and time is same as above.

P = 100(1-0.2 \times 1.5) \\P = 100 \times \frac{70}{100} \\P = 70

Thus Method B will give the value that is 70  

calculating ratio value:

ratio = \frac{\ method\  A \ value} {\ method \ B \ value}\\\\\Rightarrow ratio = \frac{76.92}{70}\\\\\Rightarrow ratio = \frac{7692}{7000}\\\\\Rightarrow ratio = 1.098 \ \ \ \  or \ \ \ \  1.

4 0
3 years ago
Other questions:
  • Jasmine is 53-years old and earns $115,000 a year. she saves 12% of her annual gross income for retirement. jasmine will pay off
    8·1 answer
  • Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
    15·1 answer
  • As a financial analyst, you are tasked with evaluating a capital budgeting project. You were instructed to use the IRR method an
    13·1 answer
  • When you are actively listening to someone, which of the following can be most helpful in making sure you understood the message
    15·2 answers
  • How do government taxation policies affect the economy?
    7·1 answer
  • Consumers affect which goods and services are produced because they
    8·1 answer
  • One of the biggest advantages of a wiki is that it __________. a. allows companies to conduct market research b. reduces the con
    8·1 answer
  • Michele manages employees at maui tours and lodging. she has noticed that one of her employees submits via the computer system t
    5·1 answer
  • QS 8-1 Cost of plant assets LO C1 Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical wo
    15·1 answer
  • ?Pick an age 10 or so years in the future — and write a letter to yourself as if you are a friend or mentor.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!