3 years ago

What is an asset in accounting

1 answer:

5 0

Answer:

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.

Explanation:

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What is the difference between industrial and consumer goods?

lina2011 [118]

“Industrial goods are materials used in the production of other goods.” “Consumer goods are finished products that are sold to and used by consumers”

LINK TO WHERE I FOUND THAT INFO:
https://www.investopedia.com/ask/answers/050415/how-are-industrial-goods-different-consumer-goods.asp

Hope that helped have a great day! :)

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3 years ago

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Hackers who intend to profit from their actions are motivated by:

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<span>Hackers who intend to profit from their actions are motivated by money. Those who hack electronics/items in the means to collect profit from doing so are motivated by money. Money is their driving force to hack the item they were told to. </span>

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3 years ago

You recently bought a used car and it breaks down. You take it to the repair shop, which will charge $400. You don’t have that m

notka56 [123]

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My Guest is P2P or Debit Card

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3 years ago

Prompt

Law Incorporation [45]

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Could you please be specific with your question?

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3 years ago

On November 30, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of Shaw Co.

scoray [572]

Answer:

Value of goodwill = $350,000

Explanation:

In case where is investment in 100% shares of a company then that may give rise to goodwill or rise to capital reserve.

Any amount paid to acquire that interest in company more than the value of such company is recorded as goodwill.

Here, cost of acquisition = $15 $\times$ 250,000 = $3,750,000

Carrying value of net assets of the company = $3,000,000

Increase in value due to fair value = $400,000

Value of goodwill = Purchase price - Fair Value of net assets

Therefore, value of goodwill = $3,750,000 - ($3,000,000 + $400,000) = $350,000

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4 years ago

What is an asset in accounting ​

What is an asset in accounting