Answer:
No
Explanation:
Morgan appointed Barnes to manage a new subdivision. Barnes has been permitted to transact all affairs in connection with the subdivision. Therefore, Barnes is a general agent. In some situations, either party to an agency relationship has the authority to end that relationship at any time. So, Morgan has the power to terminate the agency
Answer:
The machine will enter as 148,480
Explanation:
We should enter the machine as the sum of all cost incurred to get the machine ready for use in behalf of the company.
Purchase cost: 136,000 x (1 - 0.02) = 133,280
shipping cost: (freigh-in) 3,600
installation cost: <u> 11,600 </u>
Total cost: 148,480
The damages will be cost of the period, therefore expenses.
It weren't necessary for the installation of the machine.
Answer:
Longhorn Goodwill=$7920
Longhorn should record goodwill on this purchase of $7920.
Explanation:
Longhorn Goodwill=Price Paid to Acquire - Total fair Assets
Total Fair Assets=Fair Value of Assets-Fair Value if Liabilities
Total Fair Assets= $89,900-$15,200
Total Fair Assets= $74,700
Longhorn Goodwill=Price Paid to Acquire - Total fair Assets
Longhorn Goodwill=$82,620-$74,700
Longhorn Goodwill=$7920
Longhorn should record goodwill on this purchase of $7920.
Answer and Explanation:
B. reduces the number of available job opportunities