Describe what is meant by the term "goodwill."
What will be an ideal response?
Goodwill is the added value of a successful business that is attributable to factors such as reputation, location, and superior products. Goodwill enables a business to earn above-average profits. In other words, goodwill is the excess paid for an existing business over the appraised value of the net assets.
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Which group with children has larger workloads than the respective dads, logging 5 more hours each week?
A. stay-at-home women B. working women C. stay-at-home dads D. working dads E) Single parents
TQM ______.
A. is a quick fix B. is costless because quality is free C. may take several years to implement fully D. is required to meet ISO certification standards
All of following must be included in a federal Environmental Impact Statement EXCEPT
a. the available alternatives to the proposed action. b. the means to mitigate adverse environmental impacts. c. the direct and indirect effects of the proposed action. d. the cost of implementing the proposed action.
[The following information applies to the questions displayed below.]On January 1 Year 1, Gordon Corporation issued bonds with a face value of $70,000, a stated rate of interest of 6%, and a 5-year term to maturity. The bonds were issued at 98. Interest is payable in cash on December 31 each year. Gordon uses the straight-line method to amortize bond discounts and premiums.On December 31, Year 5, Gordon Corporation makes the final entry to record interest and amortization. Immediately after that, Gordon pays off the bonds as scheduled. Which of the following shows the effect of the bond payoff on the elements of the financial statements? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt. ofCash
FlowsA.(68,600)=(68,600)+NANA?NA=NA(68,600)FAB.(68,600)=(68,600)+NANA?NA=NA(68,600)OAC.(70,000)=(68,600)+(1,400)NA?1,400=(1,400)(68,600)FA/(1,400)OAD.(70,000)=(70,000)+NANA?NA=NA(68,600)FA/(1,400)OA A. Option A B. Option B C. Option C D. Option D