Answer:
a. $1,680,000
Explanation:
The computation of the total equity is shown below:
= Common stock + Additional paid-in capital + Appropriated for uninsured earthquake losses retained earnings + Unappropriated retained earnings - treasury stock - Net unrealized holding loss on available-for-sale securities
= $600,000 + $800,000 + $150,000 + $200,000 - $50,000 - $20,000
= $1,750,000 - $70,000
= $1,680,000
Answer:
d. only when there is an exchange transaction involving the purchase of an entire business.
Explanation:
Goodwill: Goodwill is an intangible asset that is shown in the asset side of the balance sheet just like intellectual properties, trademark, etc. The goodwill is recognized when it is purchasing the business of the organization
The goodwill is computed by considering the consideration that is paid and the net assets value based on fair value.
Hence, the most appropriate option is d. as the other reasons are not valid
Answer:
follows the actions and operations of financial markets to keep them open and competitive.
Explanation:
In simple words, The Federal Open Market Committee relates to the division of the Federal Reserve Board which decides the course of monetary policy, in particular by coordinating free market activities. The panel is formed up of twelve representatives: the manager, seven FRB supervisors named by the Parliament, and four national federated presidents.
Thus, from the above we can conclude that the correct statement is C.
Answer: Option B
Explanation: As per the US law, a firm having less than five hundred employees in its business is classified as a small firm. These could be partnership, company or a sole proprietorship.
These business operate on a smaller level but the number of such firms is really high in market. Thus, these firms generate a lot of employment in an economy as the constant need of employees resulting due to high potential of growth.
Thus, from the above we can conclude that the correct option is B.
Answer:
Explanation: First, you want to find the percentage of Arts car use for business. To get this percentage, we take Arts business miles and divide them with the total miles which is 15000 miles divided by 20000 miles. This gives us a percentage use of 0.75 which can also be translated to 75% usage. This means Art used 75% of his his vehicle towards his business.
Now to get Arts auto deduction, We take the percentage of his vehicles use and multiply that by his actual expenses. In this case 0.75 multiply by 10,000. 0.75*10,000= 7,500. The answer is 7,500.
Remember, These Expenses could range from, auto repair, Gas, insurance. car washes etc.