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
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.

You might be interested in
Under IRS regulations, a gain or loss upon current disposition of an asset is first considered to be long term if the asset has
Brrunno [24]

Answer:

over 1 year

Explanation:

IRS known as Internal Revenue Service interpret internal revenue code and they control treasure regulation. They also have code that control disposition of asset which is the process of selling out of an asset

It should be noted that Under IRS regulations, a gain or loss upon current disposition of an asset is first considered to be long term if the asset has been held for over 1 year.

7 0
3 years ago
Which one of the following statements concerning venture capital financing is incorrect? Multiple Choice Venture capitalists des
ziro4ka [17]

Answer:

The incorrect statement about Venture capitalists is:

Venture capitalists usually assume active roles in the management of the financed firm.

Explanation:

Venture capitalists are high net worth individuals with managerial competence or experience seeking for new businesses to invest in. In exchange, they ask for an equity stake in the company they finance.

Venture capital financing is the type of funds that are given to invested into viable businesses in their budding stage by investors that see long term growth potential in them. it is a form of private equity.

Venture Capitalist never assume active roles in the management of the financed firm. however, if they have the technical know how, they may pitch in passively from time to time to advice.

3 0
3 years ago
On his way home from work, Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his
Anika [276]

Answer:

Neighbourhood centre

Explanation:

A neighbourhood centre is a place where local local residents have access to a wide range of services. People gather for group activities, social support, public information and so on.

Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his suit. He did not have to move his car because next door was a gift shop where he could pick up a gift for his niece. Conveniently enough, next door to that store was a supermarket, where he purchased essentials like milk and cornflake cereal.

Phil is at a neighbourhood centre where wide variety of services are provided locally.

7 0
3 years ago
Read 2 more answers
Learners with a _____ learning style prefer reading, writing, and speaking. naturalistic logical/mathematical verbal/linguistic
Masteriza [31]

Answer:

Verbal/linguistic learners prefer learning activities that involve reading, writing, and speaking.

Explanation:

7 0
2 years ago
How long does someone stay on your best friend list on Snap chat??​
Dennis_Churaev [7]

it's for as long as u want except ur phone begins to malfunction

3 0
3 years ago
Other questions:
  • Decision Point: Employees’ Personalities You think you did a good job of matching employees to the job to get a good fit, but yo
    6·1 answer
  • NEED HELP PLZ  A budget lists actual income and expenses to help create a financial plan.true or false
    9·1 answer
  • Jason is an employee at Manisch Burger and Meals. He is assigned the task of serving soft drinks to customers who order meals co
    6·1 answer
  • Customer environmental intelligence includes:
    8·1 answer
  • Lunar Vacations needs to raise $ 6,100,000 for its new project? (a golf course on the? moon). Astro Investment Bank will sell th
    13·1 answer
  • In the long run, the entry of new firms in an industry:
    14·1 answer
  • A guidance counselor at a high school is working on a project to get more girls interested in the Science, Technology,
    13·2 answers
  • Question 12 (3.333333333 points)
    11·2 answers
  • Which statement is true? A. The vaule of money that you save increases over time B. The vaulue if money remains constant over ti
    13·1 answer
  • WILL GIVE BRAINLIEST
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!