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1. Waters Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill of $400,000. The Johnson Division's net assets, including the goodwill, have a carrying amount of $800,000. The fair value of the division is estimated to be $1,000,000. Prepare Water's journal entry, if necessary, to record impairment of the goodwill.
your client alternate fuel inc. a regular corporation owns three sandwich shops in the philadelphia area. in 2011 the
On July 1, 2010, the Amplex Company purchased a coal mine for $2 million. The estimated capacity of the mine was 800,000 tons. During 2010, the company mines 10,000 tons of coal per month and sells 9,000 tons per month.
What are the partners rights with respect to management of the firm? Is the partnership bound to the contract with United? Do the partners split the first year's profits? If so, how much is each entitled to? Explain fully.
edgar inc. has a materials price standard of 2.00 per pound. six thousand pounds of materials were purchased at 2.20 a
Describe the policy that Andrew Jackson employed in his quest for Indian Removal. What problems did his policy encounter? What effects did the removal have on Native Americans?
an open storage bin w a square base and vertical sides is gonna be constructed from 108 ft of material. what are the
The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventories. The December 31, 2011, balance sheet revealed the following:
jones corporation uses a budgeted factory overhead rate to apply overhead to production.direct labor costs are the cost
income statement itemsgain on sale of marketablesecurities.........................42000loss on sales of
Using an Internet search engine, search for the terms client server and scalable. From the results you find, explain why client server systems are scalable.
Public service Indiana (PSI) is considering two sites fora nuclear power plant. The following two attributes willinfluence its determination about where to build the plant. Which location should be chosen?
ticket inc. issued 10 bonds dated january 1 with a face amount of 240 million on january 1 2011. the bonds mature in
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