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ozzi
3 years ago
7

Zoum Corporation had the following transactions during 2017:

Business
1 answer:
IrinaVladis [17]3 years ago
5 0

Answer:5

Explanation:

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When a company purchases another company and the purchase price is greater than the fair value of the net assets acquired, this
34kurt

Answer:

Goodwill

Explanation:

Goodwill is an intangible asset, reported on the balance sheet asset side. It is used yearly for the impairment tests.

When the company purchase another company and its purchase price is more than the fair value of the net asset so the excess amount would be called as a goodwill

The fair value of the net asset is come from subtracting the

= Company assets - company liabilities

6 0
3 years ago
Do you think the Slushiest From the movie home is copyrighted by the Back to the future delorian. And doesnt the tesla cybertruc
timofeeve [1]

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7 0
2 years ago
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How do consumers take part in the resource market?
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Simple answer....too break it down if there was no consumers there would be Stores open.

Definition of consumer is a person who purchases goods and services for personal use.

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3 years ago
News analysts are allowed to give a option<br>A.True<br>B.False​
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The answer is False (B)
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3 years ago
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Which of the following is an accounting procedure that (1) estimates and reports bad debts expense from credit sales during the
Murljashka [212]

Allowance method of accounting for bad debts .

Option - B

<u>Explanation: </u>

The financial accounting term payments method refers to a system that is unplayable and records a bad debt expenditure estimate in the same period of accounting as the purchase. The deduction is used to adjust the cash flow accounts receivable.

The payment method is a better solution to the direct payment method because it is in line with the matching accounting theory.

Bad debts expenses are recognized soon since bad debts are likely and can be estimated to a fairly precise degree so that they meet the criteria necessary to recognize predicated losses and recognize the costs of bad debts.

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2 years ago
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