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
Rus_ich [418]
3 years ago
12

In 2010,Chesley Inc. acquired Corrigan Ltd. in a hostile takeover. However, the expected synergies never materialized. In 2013,

Chesley decided to write-off $45 million of Goodwill on the financial statements to recognize that the Goodwill had become impaired.Which of the following items would be decreased by the impairment of Goodwill?
a- Total Assetsb- Net Incomec- Cash from Operating Activitiesd- Cash from Financing Activitiese- Cash from Investing Activities
Business
1 answer:
Evgesh-ka [11]3 years ago
7 0

Answer:

a- Total Assets

Explanation:

Impairment write downs are not cash related events but an accounting entry made to reduce the carrying amount when Carrying Amount of an Asset is found to be greater than the Recoverable Value of the Asset.

Carrying Amount of an Asset is Cost less Accumulated depreciation of an asset. While the Recoverable Value of the Asset is the higher of Fair Value and Value in use of an asset.

Therefore, only Total Assets decrease as a result of impairment of Goodwill.

You might be interested in
What are 4 ways managers can motivate their staff
Nina [5.8K]
They can offer a certain amount of raise if they do extra work they can also motivate them with threatening to fire them they can also motivate them that they’ll get them something else and motivate them but if they don’t do this then they’ll get the amount of money they get lowered
7 0
3 years ago
Read 2 more answers
The adjustment for overapplied overhead ______ net income.
tester [92]

Answer:

<em>The adjustment for overapplied overhead </em><em><u>decreases cost of goods sold and increases</u></em><em> </em><em>net income</em>

6 0
2 years ago
Who is primarily responsible for determining the market value of the home you’re wanting to buy
Ronch [10]
Professional appraisers and real estate agents
4 0
3 years ago
WILL GIVE BRAINLIEST
shepuryov [24]

the answer is b:) because high interest rates mean increased cost for all the others since it is not a fixed cost for them

8 0
3 years ago
Read 2 more answers
Bear Tracks, Inc., has current assets of $2,280, net fixed assets of $10,400, current liabilities of $1,405, and long-term debt
Vera_Pavlovna [14]

Answer: $7185

Explanation: Shareholders equity refers to the amount of funds that are collected by the company by selling their ownership rights in the market to the general investors.

As per the subject matter of accounts, every asset that is owned by an organisation is either financed by the available funds or some liability is taken to buy it. This could be illustrated as follows :-

assets =  shareholders equity + liabilities

Putting the values into equation we get :-

$2280 + $ 10,400 = $1,405 + $4090 + shareholders equity

therefore :-

shareholders equity = $7185

6 0
3 years ago
Other questions:
  • Which behavior demonstrates courtesy toward others in the workplace?
    10·1 answer
  • In the _____ marketplace model, ec technology is used to streamline the purchasing process in order to reduce the cost of items
    9·1 answer
  • Klara wants to compare the price of a wallet she saw at Nordstrom Rack with other stores that may have the same wallet. She loca
    13·1 answer
  • -
    6·1 answer
  • there is agrowing demand of architects and engineers in devloping countries like nepal justify this statement​
    5·1 answer
  • Which of the following should you keep in mind when targeting high-level networkers on sites such as LinkedIn?
    13·1 answer
  • Debbi Fields' success as an entrepreneur can be attributed to her prior business training and
    5·1 answer
  • Which of these is a characteristic of a pure command economy?
    10·1 answer
  • Assume the spot exchange rate for the Hungarian forint is 267.767 HUF. Also assume the inflation rate in the United States is 1.
    10·1 answer
  • What is the maximum amount your firm can afford to spend to increase customer retention from 61 % to 78 %?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!