Answer and Explanation:
1. The amount of goodwill is shown below:
= Purchase price - the market value of net assets
= $6,000,000 - ($17,000,000 + $13,000,000)
= $2,000,000
2. Now the journal entry for purchase is
Assets $17,000,000
Goodwill $2,000,000
To Liabilities $13,000,000
To Cash $6,000,000
(Being the purchase is recorded)
For recording this we debited the assets and goodwill as it increased the assets and credited the liabilities and cash as it also increased the liabilities and decreased the assets
Answer:
- How many shares of common stock are outstanding?
C. 3,000
Explanation:
Treasury stock, are those that the company repurchase from the market and keep it in the company, in this case the company keep the shares in the accounting and the shares could be reissued in the future.
The company issued 9,000 shares, it is reflected in the Common Stock account, $90.000 / $10 = 9,000.
Then in the Treasury Stock account are registered the shares that the company repurchases from the market, these are, 6,000 shares.
Finally the total Common Shares outstanding are 3,000.
Answer:
B. you are borrowing money from another person
Explanation:
rest is you giving money to others which if you could youd want higher interest rates for
Answer:
Strategic Planning
Explanation:
Strategic plan accounts for long term <em>goals </em>and <em>vision</em> of a company. While planning strategically, leaders draw the road map for their company which solves <em>how-to questions</em> in achieving those goals. Moreover, through their set priorities, the company's <em>value</em> and <em>vision</em> would also be sorted out. As there are multiple planning dimensions, strategic planning can be differentiated from the others by identifying these 2 factors.
- Time Horizon: Strategic planning is done for the long term usually for 5-6 years.
- Formation of plan: Within the hierarchy of an organization only high-level leaders are the ones responsible to come up with strategic planning.
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