Answer:
$88,000
Explanation:
Computation of the total amount to be reported as intangible assets on its balance sheet
Using this formula
Total amount to be reported as intangible assets = Trademarks + Excess of cost over fair value of net assets of acquired subsidiary
Let plug in the formula
Total amount to be reported as intangible assets = $12,700 + $75,300
Total amount to be reported as intangible assets = $88,000
Therefore the total amount to be reported as intangible assets on its balance sheet bat year end will be $88,000
Answer:
A common workflow error that can cause duplicate expenses in QuickBooks Online is:
Duplicating any transaction.
Explanation:
The reason behind this is that duplicating transactions is very common because it might originate before the accounting process is made. It can be executed by any manager or someone in the resources acquisitions department. That is why the books have to be reviewed at two different moments from two different departments. Accounting first and then finance. To check that everything is correct.
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
Answer:
OPTION A
Explanation:
The primary function of an organization's board of directors is to control the actions of the upper management team to make sure that the interests of shareholders are safeguarded.
PRIMARY FUNCTION OF BOARD OF DIRECTORS
Assess the vision and mission of the company to direct its present activities and potential development and set the agenda.
Review and assess current and future possibilities, threats, and hazards in the internal setting and the company's current & future strengths, weaknesses, and hazards.
