Answer:
$224,000
Explanation:
Goodwill from acquiring Mini Company = Cash consideration paid - Fair value of Mini Company's plant and equipment = $371,000 - $147,000 = $224,000
The net increase in Maxi's assets only after paying the cash for Mini is $224,000 i.e. the goodwill from acquiring Mini Company.
Answer:
<u>enlargement</u>, <u>rotation</u>, <u>enrichment</u>
Explanation:
Job enlargement raises the scope of a job position by addition of extra tasks and responsibilities within the same level and department. Such an activity makes a job position more challenging.
Job rotation refers to shifting of employees from one task to another in the same department. Job rotation is aimed at breaking the monotony associated w.r,t performing the same task on routine basis.
Job enrichment is aimed at providing better satisfaction to an employee related to his work. It usually includes assignment of those responsibilities which are reserved for superior levels.
Answer:
C. November
Explanation:
The revenue recognition principle is an accounting principle that requires revenue to be recorded only when it is earned, not when the related cash is collected. It is a cornerstone of accrual accounting together with the matching principle. According to the principle, revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred or services rendered), no matter when cash is received. It means that revenues or income should be recognized when the services or products are provided to customers regardless of when the payment takes place. And since the drill press was delivered two weeks after November 14, the Sear will record the revenue for this transaction in November according to this principle.
