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
Effectus [21]
4 years ago
14

Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, a

nd the book value was $1,500,000. The noncontrolling interest shares of Float Corp. are not actively traded. What amount of goodwill should be attributed to Perch at the date of acquisition?
Business
1 answer:
Mama L [17]4 years ago
4 0

Answer: $120,000

Explanation:

Purchase Price for 80%) $1,600,000 - (FV $1,850,000 × .80 = $1,480,000) = $120,000

You might be interested in
Pls refer to photo thank you!
lord [1]
The answer should be product transfer but i could be wrong
8 0
2 years ago
For years, China had an absolute advantage in the production of
sleet_krkn [62]
China has a comparative advantage in the production of silk

HOPE THIS HELPS
3 0
3 years ago
If you were wrongfully put
Neko [114]

Answer:

If you were wrongfully put  into an insane asylum, how  would you convince them  that you're actually sane and  not just pretending to be  sane? Why?

When one seeks for an asylum, at that moment in time there is no choice of the location or group of people it could be once it is far away from war zone or trouble or danger zone where one can find peace at least. Then if it is an insane asylum, the only way to prove of his sanity by doing what is termed as wrong, i mean doing what seems to others as wrong which would depict his sanity that is different from others. while pretending to be like others that are insane would only paint such an individual as insane as well because it would take time to prove such not to be insane.

Explanation:

3 0
3 years ago
What is the objective of financial reporting? Provide information that clearly portrays nonfinancial transactions. Provide infor
sladkih [1.3K]

Answer:

Provide information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors.

Explanation:

Financial reporting refers to the presentation and disclosure of financial information of an entity to the public, investors, lenders and other stakeholder.

Financial reporting is carried out by reporting financial statements (balance sheet, income statements), statement of cash flows and other relevant/necessary disclosures, notes as required by law or statute or which are essential for better comprehension of such financial information.

Such information helps lenders to know the financial health of the entity, helps investors to decide whether it would be beneficial to invest in the entity, assures government of the compliance of laws by the entity, etc.

8 0
3 years ago
A buyer has a signed Contract to Buy/Sell Real Estate to purchase a property for $200,000. Prior to close, $25,000 worth of dama
NeX [460]

Answer:

<em>Yes, When the damage exceeds 10 percent of the agreed upon purchase price</em>

Explanation:

Whenever a property gets damaged but not demolished, almost always the issue of continuing with the agreement comes down to cost. Usually, the contract says that the sides agree to proceed with the transaction if the loss is less than 5 per cent of the agreed amount.

It is the seller's duty to repair the damage, since they retain ownership until the keys are handed over to the buyer.

<em>The Colorado Association of Realtors states a purchaser is sometimes obligated by the agreement to buy a property if the damage does not surpass 10 percent of the selling price as long as the seller fulfills repair work by the end date.</em>

4 0
3 years ago
Other questions:
  • Actual usage for the year by the Marketing Department was​ 90,000 copies and by the Operations Department was​ 360,000 copies. I
    8·1 answer
  • Sip corp uses no debt. the weighted average cost of capital is 8 percent. if the current market value of the equity is 18 millio
    14·1 answer
  • Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing
    5·1 answer
  • Do you think a person should be fired if it is found that he or she helped employees cheat their company out of overtime once in
    6·1 answer
  • The __________ is a good-faith estimate of credit costs and transaction terms that replaces the HUD Good Faith Estimate (GFE) an
    12·1 answer
  • The GDP deflator for this year is calculated by dividing the using by the using and multiplying by 100. However, the CPI reflect
    12·1 answer
  • What is not a good approach to a question about your weaknesses? You should avoid using the word "weakness," but answer honestly
    8·1 answer
  • The principal-agent problem arises when ________.
    7·1 answer
  • As you move through your career and begin to seek promotions, it is helpful to ______. a. Target and train for specific career p
    13·2 answers
  • Are indigenious and traditional technology the same​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!