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Aloiza [94]
3 years ago
8

On January 1, 2020, Grand Haven, Inc., reports net assets of $880,250 although equipment (with a four-year remaining life) havin

g a book value of $449,000 is worth $521,250 and an unrecorded patent is valued at $46,350. Van Buren Corporation pays $799,080 on that date to acquire an 80 percent equity ownership in Grand Haven. If the patent has a remaining life of nine years, at what amount should the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021
Business
1 answer:
goldfiish [28.3K]3 years ago
6 0

Answer:

$46,350

Explanation:

The Patent is Acquired at the Fair Value at the Acquisition date. They are recognized in consolidated financial statement even when not recorded by the subsidiary for consolidation purposes.

Thus, the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021 is $46,350.

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The Retreat (Scenario)
Genrish500 [490]

Answer:

<em>d. adjourning </em>

Explanation:

A group's <em>disbanding is called the adjourning phase</em>. The adjournment stage, created by Bruce Tuckman in 1977, is the fifth and final phase of group creation that takes place whenever a team concludes its work and then dissolves.

At around this point, it is crucial that team members get sufficient resolution and appreciation for the work they've done.

Remember that not all groups are going through a period of adjournment. If the team remains together for future projects, the adjournment stage of group growth would not go through.

5 0
3 years ago
In a traditional economy, which group is most responsible for producing the goods people in society need?
romanna [79]

Answer:

B. Family members

Explanation:

A traditional economy is based upon the customs, beliefs, and history of the community. Age-old traditions and beliefs guide economic decisions of production and distribution. The traditional economy is motivated by the social well being of its members and not by profits.

The main economic activities under the traditional economy revolves are subsistence farming, fishing, and hunting. These activities are carried out in family settings. In other words, family members provide labor for economic activities.

6 0
3 years ago
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aliina [53]

Answer:

C. 1.3

Explanation:

market to book ratio = market capitalization / book value

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market to book ratio = $163,200 / $125,600 = 1.299 ≈ 1.3

The market to book ratio basically measures a company markets value versus its book value. Generally, if a company is profitable and successful, its market to book ratio should be higher than 1.

6 0
3 years ago
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Natasha2012 [34]

Answer:

The correct answer is the option B: manipulating a customer's want into a need.

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7 0
3 years ago
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Jack performs his work and his assignments well. Jack is demonstrating that he is _____.
Alenkinab [10]
A and c because jack knows how to do his work
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