In 2017, a corporation purchased a small business for $250,000
The market value of the small business's assets was $400,000, and the market value of the liabilities was $200,000. The corporation recorded goodwill of $50,000 at the time of acquisition. At the end of 2018, it measured goodwill and found it had a remaining fair value of only $20,000. At year-end 2018, the corporation will ________.
A) record a loss on sale of assets
B) record an impairment loss
C) record accumulated depletion
D) record a gain in goodwill
B
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Which statement is not true concerning the t distribution?
A) Compared to the normal distribution, the t distribution has more area in the tails and less in the center. B) As the number of degrees of freedom increases, the t distribution approaches the normal distribution. C) The t distributions are skewed to the left. D) The population variance is unknown and is estimated by the sample variance s2.
Which of the following is a method used to define accounts in terms of their size?
A. KISS B. FAB C. OAKS D. SELL E. ELMS
A ________ provides the exclusive legal right to reproduce, publish, and sell the fixed form of an expression of an original creative idea
A) patent B) licensing right C) copyright D) trademark
What are the two major issues regarding payment for shares?