On February 5, King Corporation paid $1,600,000 for all the issued and outstanding common stock of Princess, Inc., in a transaction properly accounted for as an acquisition. The book values and fair values of Princess's assets and liabilities on February 5 were as follows: Book Value Fair Value Cash $ 160,000 $160,000 Receivables (net) 180,000 180,000 Inventory 315,000 300,000 Plant and equipment (net) 820,000 920,000 Liabilities (350,000) (350,000) Net assets $1,125,000 $1,210,000 What is the amount of goodwill resulting from the business combination? A. $400,000 B. $475,000. C. $85,000. D. $390,000.
Answers
Answer:
$390,000
Explanation:
The computation of the amount of goodwill resulting from the business combination is shown below:
= Paid amount for all issued & outstanding common stock - net assets fair value
= $1,600,000 - $1,210,000
= $390,000
We simply applied the above formula
Hence, the correct option is D.
All other information which is given in the question is not relevant. hence, ignored it
Related Questions
The only U.S. agency dedicated solely to financing and facilitating U.S. exports is the
Answers
Maria works for a startup tech company as an accountant. Her supervisor needs to know how much money is being spent on computers and software to prepare the company budget for the following year. The supervisor asks Maria to research and share this information with the team. Which type of document is best suited for Maria to share her research?
Answers
The best type of document for Maria to share her research on the amount of money spent on computers and software would be a financial report.
A financial report is a document that provides an overview of a company's financial performance and includes information on its expenses, revenues, and profits. It is a comprehensive document that provides an in-depth analysis of the company's financial health, and it is commonly used to inform decision-making and planning. In this case, Maria can create a financial report that details the amount of money spent on computers and software over a specific period. She can include a breakdown of the expenses, such as the cost of hardware, software licenses, maintenance, and upgrades. Additionally, Maria can provide a comparison of the expenses from previous years, and she can explain any significant changes in the cost of these items. A financial report will enable Maria's supervisor to make informed decisions about the company's budget for the following year. The report will provide insights into the company's financial health and help identify areas where cost savings can be made. Ultimately, the financial report will be a valuable tool for the entire team in making strategic decisions about the company's finances.
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What is the purpose of professional communication?
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Answer:
By mastering professional communication, the potential for misunderstandings occurring can be minimised. When you work in a team, you need to be able to regularly communicate with others. You need to listen to other people's ideas, whilst being able to clearly and effectively communicate your own.
Purposes:
The five purposes for communication are to inform, imagine, influence, meet social expectations and express feelings.
The purpose of professional communication is to convey information and ideas effectively and appropriately in a business or work setting, with the goal of achieving specific objectives and building positive relationships. It involves clear and concise expression, active listening, and the use of appropriate language and tone.
What is the professional communication?Professional communication is the exchange of information and ideas in a business or work setting, typically between colleagues, clients, customers, or other stakeholders.
It involves using appropriate language, tone, and nonverbal cues to convey messages effectively and achieve specific goals, such as building relationships, solving problems, making decisions, or completing tasks.
Professional communication can take many forms, including oral presentations, written reports, emails, memos, video conferences, and more, and it is an essential skill for success in many careers and industries.
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SSG Cycles manufactures and distributes motorcycle parts and supplies. Employees are offered a variety of share-based compensation plans. Under its nonqualified stock option plan, SSG granted options to key officers on January 1, 2021. The options permit holders to acquire 12 million of the company’s $1 par common shares for $11 within the next six years, but not before January 1, 2024 (the vesting date). The market price of the shares on the date of grant is $13 per share. The fair value of the 12 million options, estimated by an appropriate option pricing model, is $3 per option. Required: 1. Determine the total compensation cost pertaining to the incentive stock option plan. 2. & 3. Prepare the appropriate journal entries to record compensation expense on December 31, 2021, 2022, and 2023. Record the exercise of the options if all of the options are exercised on May 11, 2025, when the market price is $14 per share.
Answers
1. The total compensation cost pertaining to the incentive stock option plan is $36 million.
2. & 3. The appropriate journal entries to record compensation expense on December 31, 2021, 2022, and 2023 are:
1. Total compensation expense
Total compensation expense=Total option× Fair value per option
Total compensation expense=$3×12 million
Total compensation expense= $36 million
2. SSG Cycles Journal entry
December 31, 2021
Debit Compensation expense $12 million
Credit Additional-paid in capital -Stock options $12 million
($36 million/3 years = $12 million per year)
(To record compensation expense)
December 31, 2022
Debit Compensation expense $12 million
Credit Additional-paid in capital -Stock options $12 million
($36 million/3 years = $12 million per year)
(To record compensation expense)
December 31, 2023
Debit Compensation expense $12 million
Credit Additional-paid in capital -Stock options $12 million
($36 million/3 years = $12 million per year)
(To record compensation expense)
3. May 11, 2025
Debit Cash $132 million
($11×12 million)
Debit Additional-paid in capital -Stock options $36 million
Credit Common stock $12 million
($1×12 million)
Credit Additional-paid in capital -excess par $156 million
($132 million+$36 million-$12 million)
(To record the exercise of stock option)
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One of your clients asks you to add QuickBooks Online Payroll to their existing subscription.
Starting from here, where should you go to do this in QuickBooks Online Accountant?
- Open the client’s QuickBooks Online company and select Overview from the left-hand navigation. In the Company Setup section, select Add Payroll
- Select Billing and subscriptions from the dropdown in the Actions column, then subscribe the client to QuickBooks Online Payroll
- Go to the Gear icon and select Subscriptions and billing, then find the client and select Add Payroll from the Client actions dropdown
- Open the client’s QuickBooks Online company and select Add Payroll from Accountant Tools
Answers
It's important to note that QuickBooks Online Payroll offers a variety of plans, so I would need to choose the plan that best suits my client's needs and budget. To add QuickBooks Online Payroll to an existing subscription, you should go to option 1, hence option 1) is the answer.
Sure, I'd be happy to help. If one of my clients asks me to add QuickBooks Online Payroll to their existing subscription, I would follow these steps: 1. Firstly, I would navigate to the client's account and select Billing and subscriptions from the dropdown in the Actions column. 2. Then, I would subscribe the client to QuickBooks Online Payroll from there. 3. Once the subscription is added, I would open the client’s QuickBooks Online company and select Add Payroll from Accountant Tools. 4. Next, I would follow the prompts to set up payroll for the client. This would include entering the client's business and employee information, as well as setting up the payroll schedule and payment method. 5. After completing the setup process, the client would be able to run payroll and manage their employees' pay and benefits through QuickBooks Online Payroll. It's important to note that QuickBooks Online Payroll offers a variety of plans, so I would need to choose the plan that best suits my client's needs and budget. Additionally, if the client already has an existing payroll provider, I would need to work with them to ensure a smooth transition to QuickBooks Online Payroll. Therefore option 1) is correct.
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technology plays Avery important role in today's marketing thus the emerging of e-marketing. Identify various challenges facing e-marketers today.
Answers
Answer:
Some of the challenges facing e-marketers today include:
Increased Competition: With the increasing adoption of e-marketing, the level of competition has significantly increased, making it harder for businesses to stand out. To be successful, e-marketers need to find innovative ways to differentiate their products and services from competitors.
Privacy Concerns: The increased use of technology in e-marketing has raised privacy concerns among consumers. E-marketers must adhere to strict data privacy regulations to ensure the protection of consumer information.
Security Issues: Cybersecurity threats are a significant challenge for e-marketers. Businesses must ensure that their e-commerce platforms are secure from cyberattacks, and customer data is protected.
Technological Changes: E-marketing is heavily reliant on technology, and the rapid pace of technological change can be a significant challenge for businesses. E-marketers must stay up-to-date with technological advancements to remain relevant and competitive.
Data Analytics: E-marketers must have the expertise to collect and analyze data effectively. This requires a skilled workforce and sophisticated tools for data analysis.
Digital Fatigue: Consumers are becoming increasingly overwhelmed by the amount of digital content they are exposed to daily. E-marketers must find ways to break through the digital clutter and engage consumers effectively.
Explanation:
To download your presentation as pictures, choose this option. Download a Copy Download as Images Download as ODP Download as PDF Question 4(Multiple Choice Worth 5 points) (04.07 LC) What is the name of the spelling checker in PowerPoint Online that can be used to check the spelling in the entire presentation? Check Slide Proof Check Review Slide Slide Check Question 5(Multiple Choice Worth 5 points) (04.07 MC) Ava is at her first job interview, and the interviewer asks her a difficult question she hasn't prepared to answer. What should Ava do? Just start talking. She'll eventually get to an answer. Ask the interviewer for an easier question. Take a deep breath and gather her thoughts. Tell an unrelated story that makes her look smart. You must check the box below prior to submitting your exam! Check this box to indicate you are ready to submit your exam FDK71.10 Previous QuestionNext Question
Answers
Answer: Its choose a pdf
Explanation:
when you download a pic it goes to a pdf
Answer:
download a pdf
Explanation:
How the big crunch happen according to the steffen hawking?
Answers
Answer:
Before he passed away in March, theoretical physicist Stephen Hawking had published more than 230 articles on the birth of the universe, black holes and quantum mechanics. It turns out he had one more theory left in the locker.
On Wednesday, the Journal of High Energy Physics published the British scientist's final thoughts on the Big Bang, the leading theory for how the universe began. The new report, co-authored by Belgian physicist Thomas Hertog, counters the longstanding idea that the universe will expand for eternity. Instead, the authors argue the Big Bang had a finite boundary, defined by string theory and holograms.
Slepoy Company opened a new flower store and completed the following transactions during September:1. Shareholders invested $80,000 cash in exchange for common stock.2. Purchased a delivery truck for $14,000 by making a $2,000 down payment, and signed a note payable for the balance.3.Purchased $3,400 of flowers on account. Paid $3,200 of the balance during the month. 4. Paid $1,200 for rent and wages.5. Paid $2,400 for advertisements to be placed in the local newspaper for the month of October.How much will Flowers Co. report on its balance sheet as Total Assets on September 30
Answers
Answer:
$200
Explanation:
Flowers Co. report on its balance sheet Total Assets of $200 on September 30.
What is the process of reconciliation for?
Answers
Reconciliation is a step in the accounting process that compares data from various accounts.
What is Reconciliation?To reconcile records from various accounts, the accounting process of reconciliation is used. It goes without saying that in businesses, you always want your general ledger and internal accounts to accurately reflect the truth. This is so that you may analyze what risks you can and cannot take in light of the circumstances and comprehend your financial situation by using these documents.
Consistent financial reconciliations will enable your company to:
Decrease fraudMaintain trusting connections with merchants and providers.Stay away from paying fines to banksCorrect any accounting errors that could have a significant negative impact on your company.Follow the rules and document your proceduresTo learn more about reconciliation visit:
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The comparative balance sheets for Crane Company show these changes in noncash current asset accounts: accounts receivable decreased $67,000, prepaid expenses increased $15,000, and inventories increased $27,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $173,000. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Answers
The Cash flows from operating activities is $148,000.
Statement of cash flow (Indirect method)
Cash-flow from Operating activities
Particulars Amount Amount
Net Income $173,000
Adjustments to reconcile net income
Add: Accounts receivable decreased $67,000
Less: Prepaid expenses increased ($15,000)
Inventories increased ($27,000) $25,000
Cash flows from operating activities $148,000
Therefore, the Cash flows from operating activities is $148,000.
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The purpose of market research by entrepreneurs is to:
a) Gather data
b) Analyze data
c) Make better decisions
d) None of the above
Submit
Answers
Answer:
C Make better decisions
Answer:
the answer is C to make better decisions
Most financial advisors believe that money should be invested only after which following financial goals have been met? (Select all that apply)
Answers
Answer:Question 2 options:
When you open a checking account.
When a financial reserve has been saved up, in case of emergencies.
When a plan and budget has been made for obvious financial needs such as housing and education.
Explanation:
true/false. suppose that you have been given a summer job as an intern at issac aircams, a company that manufactures sophisticated spy cameras for remote-controlled military reconnaissance aircraft. the company, which is privately owned, has approached a bank for a loan to help finance its growth. the bank requires financial statements before approving the loan.
Answers
Above statement is true. Costs incurred for the period's general business operations are referred to as period cost. Product costs are the expenses incurred to produce a product.
Automobile depreciation for salespeople - Period
Rental fees for factory equipment - Product
lubricants for maintaining machinery - Product
Wages for those employed in the completed goods warehouse - Period
Manufacturing workers use soap and paper towels at the end of their shift - Product
Pay for factory managers - Product
The amount of power, heat, and water used in the factory - Product
Materials used to package goods for international shipping. (Units are typically not packed.) - Period
Cost of advertising - Period
Insurance for workers' compensation for factory workers - Product
The lunchroom furniture in the factory has lost value - Product
The administrative offices' receptionists' salaries - Period
Cost of leasing the company's leaders' corporate jet - Period
The price of lodging at a resort in Florida for the yearly sales convention - Period
The price of packing the business's goods - Product
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3. When an account such as “Accounts Payable” has a credit balance and a credit entry is posted to the account, the account balance is:
a. Increased
b. Decreased
c. Can be increased or decreased
d. None of the above
Answers
Please help I have no clue how to do accounting
Answers
Answer:
the picture not working
Explanation:
You are the senior auditor in charge of the audit of Potholders Ltd, a retailer of garden pots and gnomes. Your audit firm has been auditor for the last four years. Historically, the firm has had a competent and qualified internal audit team upon whose work you have placed significant reliance. Management is well respected and is viewed to have high integrity, although there was some friction last year when the auditor discovered sales cut-off errors, which reduced profit and had an adverse impact on management bonuses under the new bonus scheme. While the company has been very profitable, drought and water restrictions have placed pressure on management to maintain profitability. In planning the audit you become aware of the following facts:
1. There is a cash shortage caused by recent business expansions and falls in cash inflow.
2. The accounts payable balance has increased by 30 per cent on last year.
3. Days in debtors has increased from 45 days to 63 days.
4. Due to the difficulty of maintaining sales levels, credit checks are not always carried out.
5. Internal audit department staff levels have been halved.
6. After a recent series of thefts, control over inventory has been tightened. When goods are received they are counted and inspected and, after a pre-numbered goods received advice is prepared, the goods are moved to an enclosed storage area with adequate security, including closed-circuit TV. Goods are released from the store only upon receipt of a properly authorised requisition form.
7. In the past, all purchases were made centrally at head office. However, store managers are now asked/allowed to purchase direct from local suppliers in order to obtain inventory at lower prices and avoid transport costs. Some store managers in North Queensland are importing from Indonesia.
Required:
1. Identify each component of audit engagement.
2. Outline the facts that increase inherent risks and the facts that increase or decrease control risk
Answers
The components of audit engagement from the question are:
Cost-benefitCircumvention designsapplication of controlscontrol environment The factors that increase inherent risksThe integrity of the people that are in managerial positions. The experience and the effectiveness of managers.Pressures faced by management.The type of business.Factors that affect control risks:Presence of Novel situationsThe use of Outdated controlsImproper separation of dutiesRead more on inherent risks here: https://brainly.com/question/14538724
This is for a project, what customer services does Victoria’s Secret offer (e.g. trained bra fitter, free gift wrap, personal shopper, etc)? Could you give me at least 2-3 examples?
Answers
Answer:
all typa bra's
panties
perfume
swimm wear
Explanation:
juss use the website <3
can you stop changing brainly ive watched an add over and over and never get to see my question i mean jesus christ.
Answers
Answer: On god
Explanation:
Question 6 of 10
What is one of the main economic roles financial institutions play?
OA. Loaning money to businesses and consumers
OB. Collecting taxes for state and local governments
O C. Starting new businesses in many different industries
OD. Printing money to increase the money supply
Answers
Answer:
A. Loaning money to businesses and consumers
Hope it helped! :)
How does a high population growth rate affect the economy negatively
Answers
Answer:
This will increase pressure to cut down forests to make way for farming and housing. Higher population will lead to a greater consumption of non-renewable resources, leading to a faster depletion of natural resources. Higher population will lead to greater pollution levels in air, water and land
The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
Answers
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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1) Name TWO disadvantages of chain drives. [2]
Answers
Answer:
Disadvantages of chain drives are as follows;
Explanation:
Chain drives aren't allowed to be used in situations where slip is a device necessity.In comparison to belt movements, they necessitate precise alignment.Looking at the graph, if price was $2.20 per gallon and decreased to $1.60 per gallon, how does quantity supplied of gasoline change?
A. 640 million gallons to 720 million gallons
B. 720 million gallons to 600 millions gallons
C. 720 million gallons to 640 million gallons
Answers
If the price decrease from $2.20 to $1.60 the quantity will decrease as well from c. 720 million gallons to 640 million gallons.
What is supply?Supply is the amount of products, goods, or services that are offered and available to consumers at each level price in a certain period of time.
The graph or curve of supply is always from the left bottom to the right top, it indicates if the price increases the quantity will increase as well. The given graph tells us the amount of offered product at each level price.
If looking at the graph, we can know at the price of $2.20 the quantity supplied is at 720 million, and at the price of $1.60 the quantity supplied is at 640 million. So option C is correct to describe the change of quantity supplied of gasoline.
Your question is incomplete, but most probably your full question was
(image attached)
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Professional social media sites can also help employers find you. When you create an account, you describe your work history in detail and list all of your skills, just like in a résumé. If an employer is looking for someone with your abilities and experience, a site like LinkedIn is a great place to start. Recruiters may also use social media to promote new job listings. Millions and millions of people use these sites, and they can be a great way to reach many job seekers at once.
How can social media help employers during the hiring process? Check all that apply.
1. Most profiles offer more detailed information than any résumé.
2. Social media often provides a place for employers to begin their search.
3. Social media can fill in gaps on résumés or provide additional details.
4. Some sites can be a platform for recruiters to promote job openings.
5. Only the most qualified candidates are likely to have a social media presence.
Answers
Answer:
2, 3,4
Explanation:
logic
Answer:
2,3,4
Explanation:
Have a great day.
Innovate ways where you can prove the law of action-reaction.
Answers
The ways where you as a person can prove the law of action-reaction are:
When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)How can the law of action and reaction be proven?When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).
Therefore, it can also be shown through Swimming. With the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.
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Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities account. During the period the Company paid $10,000 to purchase marketable securities. If the Company reported a gain on the sale of marketable securities of $1,000 the amount of the cash inflow from the sale of securities is
A. $7,000.
B. $6,000.
C. $5,000.
D. None of the answers is correct.
Answers
WHY DO WE NEED TO WRITE A BUSINESS PLAN
Answers
Answer:
It will help you steer your business as you start and grow. Think of a business plan as a GPS to get your business going. A good business plan guides you through each stage of starting and managing your business. You'll use your business plan like a GPS for how to structure, run, and grow your new business.
Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.
Answers
All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.
Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.
Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.
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The correlation between absenteeism and turnover is ______ the correlation between tardiness and turnover.
Answers
The correlation between absenteeism and turnover is stronger than the correlation between tardiness and turnover.
Absenteeism simply refers to a pattern where an employee misses work without giving a good reason. Turnover is the number of an employer's workforce that must be replaced as a result of the separation of employees from the workplace.
It should be noted that the correlation between absenteeism and turnover is stronger than the correlation between tardiness and turnover. When employees continually don't come to the office, this will lead to the employers looking for someone to fill in for them.
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