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
Soloha48 [4]
3 years ago
12

Short Corporation acquired Hathaway, Inc., for $33,520,000. The fair value of all Hathaway's identifiable tangible and intangibl

e assets was $30,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition?
Business
1 answer:
sp2606 [1]3 years ago
4 0

Answer:

$0

Explanation:

The computation of the annual amortization for goodwill is shown below:

As we know in the case of goodwill, the impairment test is to be done on periodic basis and if there is any fall in the value so the same is to be reported as the impairment loss

So for goodwill, no amortization is to be done

hence, the annual amortization is zero

You might be interested in
After September​ 11, 2001, the federal government increased military spending on wars in Iraq and Afghanistan. Is this increase
otez555 [7]

Answer:

No

Explanation:

Although the Fiscal policy includes the detail of government revenue collection and its spending and military budget is allocated in the budget as part of the policy, however after the incident of 9/11, the increase in military spending (including spending on wars in Iraq and Afghanistan) was designed to achieve homeland security objectives.

White House designated the Office of Homeland Security to oversee and coordinate a comprehensive national strategy to safeguard the country against terrorism and respond to any future attacks.

4 0
3 years ago
Top Shelf Company builds oak bookcases. Determine whether each of the following is a direct material (DM), direct labor (DL), ma
Veronika [31]

Answer:

(1) Depreciation on factory equipment. ____MOH

(2) Depreciation on delivery trucks. ____ Period Cost

(3) Wood used to build a bookcase. ____Direct Material

(4) Production supervisor’s salary. ____ MOH

(5) Glue and screws used in the bookcases. ____ MOH

(6) Wages of persons who assemble the bookcases. ____Direct Labor

(7) Cost to run an ad on local radio stations. ____Period Cost

(8) Rent for the factory. ____ MOH

(9) CEO’s salary. ____ Period Cost

(10) Wages of person who sands the wood after it is cut. Direct Labor

Period Cost are costs that are not directly involved in the manufacturing costs of a product but are incurred in a particular  period. These expenses include advertising and selling expenses.

Direct Materials are material used to make a product . For example wood is a direct material for making shelves.

Direct Labor are the wages paid to the people who work in the production of a product.

Manufacturing Overheads are charges associated with the manufacturing of a product.they are indirect costs of the production like rent of the building etc.

 

4 0
4 years ago
When a purchase order is released, a commitment is made by a governmental unit to buy a computer to be manufactured to specifica
Vladimir79 [104]

Answer: Encumbrance

Explanation:  The commitment made by a governmental unit to buy some product for use in administration is recorded in the general fund as an encumbrance which is defined as an interest, right, burden or liability that must be carried. As such, an encumbrance ensures that there will be enough funds available for the payment of certain governmental obligations and commonly refers to restricted funds in the general fund account.

8 0
3 years ago
Read 2 more answers
Steven watched the island get bigger as they approached. Now he could see buildings and roads. He saw that they were approaching
SVETLANKA909090 [29]
The answer would be a
7 0
3 years ago
Read 2 more answers
When the seller requires that only certain dealers carry its products and also that these dealers not handle competitors' produc
RUDIKE [14]

Answer:

exclusive dealing

Explanation:

Exclusive dealing -

It is the method , where a deal is set up between a specific supplier and the wholesaler or the retailer , where the no other distributor would be able to receive the supply , is referred to as exclusive dealing.

In this scenario no other dealer can not handle the product in any case.

Hence , from the scenario of the question,

The correct option is exclusive dealing .

3 0
3 years ago
Other questions:
  • Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment
    10·1 answer
  • A stock is expected to pay a dividend of $0.5 at the end of the year (D1=0.5), and it should continue to grow at a constant rate
    9·2 answers
  • Frank asks his customers to complete a survey about the service they receive at his company so that he and his staff can make ad
    5·1 answer
  • The great sphinx is thought to be a portrait of __________.
    11·1 answer
  • Grand River Corporation reported pretax book income of $700,000. Included in the computation were favorable temporary difference
    6·1 answer
  • Cosmo contributed land with a fair market value of $332,500 and a tax basis of $138,000 to the Y Mountain partnership in exchang
    13·1 answer
  • In marketing, promotion usually involves a company or organization
    11·1 answer
  • (True) or (False)? The total amount of depreciation accumulated for an asset over its entire life will differ depending on the m
    14·1 answer
  • Matt works part-time and is paid $6.75 per hour. Determine Matt's gross pay (hours worked x hourly rate of pay) for last week wh
    12·1 answer
  • What is sample size?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!