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ASHA 777 [7]
3 years ago
11

Which of the following would not be (True) in the event that a newly admitted partner pays more than book value for his/her inve

stment in a partnership?
a. Assign a bonus to the prior partners
b. Record unrecognized goodwill and allocate it to the prior partners
c. Record no revaluations, bonus, or goodwill
d. Revalue net assets up to market value and allocate to prior partners
Business
1 answer:
ddd [48]3 years ago
4 0

Answer:

c. Record no revaluations, bonus, or goodwill

Explanation:

As new incoming partner is giving more than the investment required it means there is some goodwill or revaluations or bonus involved which requires to be treated in the books otherwise it will be assumed that accounts are not properly reported and capital accounts will not be justified. Third option says no revaluations, bonus or goodwill will be recorded which is wrong.

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Answer: A. low degree of substitutability.

Explanation:

Substitutability refers to the availability of alternative options to the variable in question. If something is said to be highly substitutable or to have a high degree of substitutability, then that means that it is easily replaceable because it has alternatives. The reverse holds true.

Therefore, Jamie can be said to have a low degree of substitutability because the client wants to deal with only him and if he is removed or unavailable, the company would not be able to deal with the client.

6 0
3 years ago
Suppose Megan is considering emigrating from her home country.
Evgen [1.6K]

Answer:

a. emigrate

b. more

Explanation:

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3 years ago
How useful is GDP as an economic indicator? Answer in 4-6 sentences.
kherson [118]

Answer:

it represents the value of all goods and services produced over a specific time period within a country's borders.

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Investors can use GDP to make investments decisions

a bad economy means lower earnings and lower stock prices.

Explanation:

good luck

4 0
2 years ago
The wet dog surf company borrows $32,000 for 4 months and will pay $1,120.00 interest . calculate wet dog's annual percentage in
Hunter-Best [27]
The formula is
I=prt
I interest paid 1120
p principle 32000
T time 4/12
R annual percentage interest rate?
Solve for r
R=I÷pt
R=1,120÷(32,000×(4÷12))
R=0.105×100
R=10.5%
6 0
3 years ago
Read 2 more answers
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3 years ago
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