Xtra Company purchased a business from Argus for $96,000 above the fair value of its net assets. Argus haddeveloped the goodwill over 12 years. How much would Xtra amortize the goodwill for its first year?
a. not enough information to calculate amortization
b. $7,000
c. $8,000
d. goodwill is not amortized
d
Business
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Purchase returns refer to merchandise a buyer acquires but then returns to the seller.
Answer the following statement true (T) or false (F)
Business
Loss of goodwill must be included in stockout costs
Indicate whether the statement is true or false
Business
The producer of a certain bottling equipment claims that the variance of all their filled bottles is .027 or less. A sample of 30 bottles showed a standard deviation of .2 ounces. The p-value for the test is
A. between .025 to .05. B. between .05 to .10. C. .05. D. .025.
Business
The process of identifying a recorded human voice is known as voice-____ identification.
A. print B. pitch C. DNA D. tone
Business