A-Plus Carpets Company buys a building for $115,000, paying $30,000 cash and signing a 30-year mortgage note for $85,000 at 11%.
Prepare the journal entry for the purchase. Omit explanation.
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Which statement regarding goodwill is true?
A) Goodwill is an unidentifiable intangible asset. B) Internally developed goodwill should be capitalized while purchased goodwill should be expensed. C) Goodwill can be defined as the value attached to the ability of a company to earn a higher than normal rate of return on the book value of its identifiable assets. D) In some situations, GAAP and IFRS requires that negative goodwill be recorded.
In which of the following stages of personal selling does a salesperson tell the product story to the buyer?
A) preapproach B) prospecting and qualifying C) presentation and demonstration D) closing E) overcoming objections
The reporting currency is defined as the currency in which the consolidated financial statements are presented
Indicate whether the statement is true or false
LMX theory assumes that improved exchanges between leaders and followers are desirable. When might a follower not want “improved career-oriented social exchanges” with a leader?
What will be an ideal response?