Answer:
The answer is True
Explanation:
Horizontal analysis is the comparison of historical financial information over a series of reporting period (financial periods). It can also be used to project the amounts of various line items into the future.
Answer:
Date Account Titles Debit Credit
Oct 01 8% Note Receivables $35,000
Land $30,000
Gain on sale $5,000
(To record the sale of the land)
Dec 31 Interest receivable $700
Interest Revenue $700
(35,000*8%*3/12)
(To record Interest Revenue on Note for 3 month recognized)
Answer:
Goodwill impairment occurs when a company decides to pay more than book value for the acquisition of an asset.
An impairment is recognized as a loss on the income statement and as a reduction in the goodwill account. The amount of the loss is the difference between the current fair market value of the asset and its carrying value or amount.
Explanation:
Answer:
the yellow fever outbreak
Explanation:
when yellow fever hit everyone wanted to leave to not get sick so people upped prices because of the shift in the desire to leave making it more valuable so people would spend more then usual because of the worth they get out of it
The type of business that is a special type of license agreement is a partnership, as there is a legal written agreement between two parties, that grants the right to use trademarks and patents.
A partnership is a business that is shared by two or more entities, where the parties share legal and financial responsibility through a legal agreement.
Partnerships are more effective for businesses operating in the same sector, for the partnership to be more aligned with the business and increase the companies' positioning in the market.
Therefore, in a partnership, the parties involved will specify through a license agreement the distribution of property, profits and losses, responsibilities and their commercial relationship.
The correct alternative is letter A.
Find out more about partnership here:
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