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Explanation:
Answer:
The income statement determines very important information for a business investment proposal such as EBITDA : Earnings Before Interest and Taxes plus Depreciation and Amortization.
This indicator is critical to know how much profit is drive just by the operation of the business. You can compare this indicator with accounts such as long term and short term loans in order to determine how much debt is healthy for the business to ask for investors or a bank.
Explanation:
Answer:
$224,000
Explanation:
Goodwill from acquiring Mini Company = Cash consideration paid - Fair value of Mini Company's plant and equipment = $371,000 - $147,000 = $224,000
The net increase in Maxi's assets only after paying the cash for Mini is $224,000 i.e. the goodwill from acquiring Mini Company.
The clean air act outlines regulations to control smoke and other forms of pollution from various sources, whether stationary or in motion.
<h3>What is pollution</h3>
Pollution is the release of dangerous and toxic substances to the air or environment which are toxic to human health and prone health hazards.
Therefore, The clean air act outlines regulations to control smoke and other forms of pollution from various sources, whether stationary or in motion.
Learn more about pollution below.
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The capitation fee would be a part of credit side of the profit and loss account in the health's care entity's financial statements.
Given that health care entity want to record capitation fee in it's financial statements.
We are required to answer to the question that how capitation fee is recorded in a health care'sn financial statements.
Financial statements are basically the written records that convey the business activities and the financial performance of a company. The balance sheet gives an overview of assets, liabilities, and shareholders' equity as a snapshot in time.
When a health care entity receives capitation fee it would be recorded on the credit side of the profit and loss account because the capitation fee is a income of the health care entity.
Profit and loss account is an account that records expenses and incomes of the company.Expenses are recorded on debit side and incomes are recorded on credit side of profit and loss account.
Hence the capitation fee would be a part of credit side of the profit and loss account in the health's care entity's financial statements.
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