PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

Assume that the fair values of the investee's net assets approximated the recorded book values of the investee's net assets, exc

Andrew [12]

Answer:

I could not find the exact details related to this question so here is a similar question to guide you.

Goodwill = Acquisition Price - Net book value (Investee)

= 75,000 - ( Assets - Liabilities)

= 75,000 - ( 90,000 - 40,000)

= $25,000

Identifiable noncurrent assets is overstated by $10,000 however. This will have to be adjusted for tax and then removed from Goodwill to find the Net goodwill that should be reported in the investor's consolidated balance sheet prepared immediately after this business combination.

= 10,000 ( 1 - 40%)

= $6,000

Net Goodwill = 25,000 - 6,000

8 0

3 years ago

The Math department also purchased a printer. After 4 years, it will have a salvage value of $200. A new printer is expected to

Aleksandr [31]

Answer:

determine the size of payments.

$202,42

Explanation:

Expected cost 2000

Salvage value old printer 200

Cost requirement 1800

FVOrdinary Annuity=C*(1+i)n-1/i

1800=c*(1+3%)>8-1/i

C=202,42

N Monthly % VF

0 202,4214999 1,00 202,42

1 202,4214999 1,06 214,57

2 202,4214999 1,12 227,44

3 202,4214999 1,19 241,09

4 202,4214999 1,26 255,55

5 202,4214999 1,34 270,89

6 202,4214999 1,42 287,14

7 202,4214999 1,50 304,37

6 0

3 years ago

Tania starts a bookstore with her friend. However, owing to other commitments, Tania is unable to help with the daily operations

zheka24 [161]

Answer:

Tania is a "limited partner ".

Explanation:

A limited partner, commonly recognized as either a silent partner, seems to be an individual and therefore not just a week as a well-to-day corporate administrator. The responsibility of a limited partner could never increase the total spent by that department in the organization.
For example, this type of relationship seems to have at least a single special partner but each restricted partner.

7 0

3 years ago

"3. ERA Company’s controller accidentally erased the 3/1/20 balance for the Accounts Receivable account. However, she can see th

VikaD [51]

Answer:

The multiple choices are:

a.300,000

b.$400,000

c.$800,000

d.$1,300,000

The correct option is C,$800,000

Explanation:

Opening accounts receivable=closing receivables+cash received-credit sales

closing receivables is $500,000

cash received during the month was $1,800,000

credit sales during the month was $1,500,000

Opening accounts receivable =$500,000+$1,800,000-$1,500,000

opening accounts receivable balance =$800,000

This is more like working backwards,as closing closing receivables formula is ;

closing receivables=opening receivable+credit sales-cash received

simply change the subject to opening receivables

opening receivables=cash received+closing receivables-credit sales

6 0

3 years ago

BUSINESS LAW- TRUE OR FALSE

Bas_tet [7]

A statement that is valid according to law of contract will be termed true while an invalid one is termed false.

<h3>Validity of the statements</h3>

Under the UCC, a contract will generally fail because one or more terms are left open, (TRUE)
A contract without a quantity term is valid. (TRUE)
A contract for services is specifically covered by the UCC. TRUE
Whether there has been an offer is determined by a subjecive standard. TRUE
A says to B: "I am going to sell my car for $2,000." B says: "I accept, here is my check." There is a contract. TRUE
Offers made in jest are always invalid. FALSE
B agrees to buy all of her requirements from S. S agrees. The contract fails for lack of a definite quantity term. TRUE
A writes to B: "I will offer you S20 a week if you will give violin lessons to my son. You have 30days in which to reply to this offer." B is still thinking about it when a purporis to revoke 15days later. B can nonetheless accept. TRUE
When an offeree learns from a third party that the offeror has sold the goods. the offer is re-voked. TRUE
The modern view is that once the offeree of a unilateral contract begins to perionin, the offeror may not revoke his promise. FALSE
An offer continues until there is an express revocation of the offer. TRUE
A offers to sell his watch to B for 100. B says she will take it for 575. B may laier accept the offer for S100. TRUE
A offers to sell his watch 10 B for $100.1 gives a 55 to keep the offer open. A may not revoke. TRUE
Under the UCC, a non-merchant may make her offer irrevocable without consideration. TRUE
In general, an offeree must affirmatively convey his or her intention to accept an offer to enter into a bilateral contract TRUE
A says to B:"If you paint my house, I will give you 5100." B promises to paint a's house. Thereis a contract. TRUE
At common law, an offeree may request additional terms in accepting the offer. TRUE
Merchant S accepts Merchant B's offer with an additional clause providing for reasonable interest for overdue invoices. The additional clause is part of the contract. TRUE
Revocation of an offer sent by mail is elfective upon receipt. TRUE
lla ained for forbearance of a legal right will constitut esileration TRUE
B agrees to buy a house offered by S if B gets a bank loan. There is a contract TRUE

<h3>Law of contract</h3>

Law of contract is an agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

learn more about law of contract: brainly.com/question/984979

6 0

2 years ago