You would need to know <span>Newton's laws of motion.</span>
Low. strategic trade policy calls for equal treatment of all trading
Answer:
given statement is false
Explanation:
solution
the given statement is false because here Double Taxation meaning that income are taxed in the hand of corporation and then in the hand of shareholders
when dividends is distributed that does not meaning that the corporation pay double the tax of partnerships
so we can say given statement is false
Answer:
The differential implicit in this acquisition is $110,000
Explanation:
The computation of the differential implicit is shown below:
Differential implicit = Amount paid - book value
= $450,000 - $340,000
= $110,000
The differential implicit shows a difference between the amount paid and the book value so we do not consider the fair value which is given in the question
Answer:
Interest expense account
Explanation:
In accounting, interests paid on loan, promissory or any other forms of loan written off to the income statement as an expense in the period in which they are incurred.
Therefore, the interest expense account will be will be debited when Parma records the entry relating to each of the four interest payments. The other leg of the account is to credit the profit and loss account to complete the record.
