In 2020 a U.S. private entity reported $8 million of goodwill in last year's balance sheet. The entity has elected the accounting alternative for subsequent measurement of goodwill. How should the entity calculate its reported goodwill for the current year?

Answers

Answer 1

The private entity should calculate its reported goodwill for the current year by evaluating goodwill impairment.

What is goodwill impairment?

Goodwill impairment occurs when the carrying value of acquired goodwill on financial statements exceeds its fair value.

Accounting standards allow for the evaluation of goodwill impairment at the end of the financial period.

The evaluation of impairment shows the difference (impairment loss) between the carrying value and the fair value of goodwill, which reduces the book value of goodwill.

Thus, the private entity should calculate its reported goodwill for the current year by evaluating goodwill impairment.

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Related Questions

A portfolio is comprised of two stocks. Stock A comprises 65% of the portfolio and has a beta of 1.21. Stock B has a beta of .95. What is the portfolio beta

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If a  portfolio is comprised of two stocks. Stock A comprises 65% of the portfolio and has a beta of 1.21. The portfolio beta is 1.119.

Portfolio beta

Using this formula

Portfolio beta=(Stock A portfolio×beta)+[(1-Stock A porfolio)× Stock B beta]

Let plug in the formula

βp = (.65 × 1.21) + [(1 - .65) × .95]

βp = (.7865) + [.35 × .95]

βp= .7865+ .3325

βp = 1.119

Therefore the portfolio beta is 1.119.

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Which example best describes avoiding risky behavior? getting car insurance deciding not to buy a car only driving during the day driving a car at high speeds

Answers

An example which best describes avoiding risky behavior is: B. deciding not to buy a car.

What is risk management?

Risk management can be defined as a process which involves the identification, evaluation, analysis and control of potential threats or risks that are present in a business as an obstacle to its capital, revenues and profits.

In this context, an example which best describes a person who's avoiding a risky behavior is deciding not to buy a car.

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Answer:

B

Explanation:

edge 2023

Dave bought a rental property for $200,000 cash. One year later, he sold it for $240,000. Suppose Dave invested only $20,000 of his own money and borrowed $180,000 interest-free from his rich father. What was his return on investment

Answers

Assuming he invested only $20,000 of his own money and borrowed $180,000. His return on investment is: 200% .

Return on investment

Using this formula

Return on investment = Profit / Initial investment

Return on investment= ( Selling price − Purchase price) / Investment

Let plug in the formula

Return on investment= ($240,000 − $200,000) / $20,000 × 100

Return on investment=200%

Therefore his return on investment is: 200% .

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Ben & Jerry's ice cream puts messages on their ice cream containers in support of family dairies in Vermont. Ben & Jerry's also strongly supports local farmers and sources its supplies locally. Corporations like Ben & Jerry's use _______ to express their views on controversial issues.

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Corporations like Ben & Jerry's use A. advocacy advertising to express their views on controversial issues.

What is advocacy advertising?

Advocacy advertising is done when marketing is used to support a particular message or cause.

Advocacy advertising is unlike commercial advertising because it is undertaken in the group or public interest.

Advocacy advertising may not typically promote a product or service but a social cause.

Answer Options:

A. advocacy advertising

B. product advertising

C. pioneering advertising

D. competitive advertising

Thus, Corporations like Ben & Jerry's use A. advocacy advertising to express their views on controversial issues.

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Click this link to view O*NET’s Work Context section for Chefs and Head Cooks.

Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom.

According to O*NET, what are common work contexts for Chefs and Head Cooks? Check all that apply.

A. spend time keeping or regaining balance
B. importance of being exact or accurate
C. exposed to high places
D. spend time standing
E. responsibility for outcomes and results
F. responsible for others’ health and safety

Answers

Answer:

✅importance of being exact or accurate,✅spend time standing,✅responsibility for outcomes and results,✅responsible for others’ health and safety

I hope this helps!

Answer:

2. importance of being exact or accurate

4. spend time standing

5. responsibility for outcomes and results

6. responsible for others’ health and safety

Explanation:

Yana works with managers from various locations but does not have the travel budget to conduct her business meetings face-to-face. What technology might be best for Yana when she has to deliver a sensitive message

Answers

The technology that can be used by Yana to deliver a sensitive message without spending any traveling expenses is Video conferencing.

What is technology?

Technology refers to the process of applying scientific knowledge to the practical works of human beings. It states the interaction of people with each other on regular basis.

Video conferencing is an online method of technology that allows a person to have interactions with another person from any part of the world. It involves no cost relating to traveling. The most important is to have a video-based device and a strong internet connection needed for it.

Therefore, Yana can use the technology of video conferencing to impart the sensitive message which incurs no travel costs for her.

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While most employees take a job because of the advertised level of pay, many stay with a job because of the ______ associated with it. a. experience rating b. benefits package c. contribution plan d. variable pay

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Most employees take the job based on the salary package written in the job advertisement but many of them will stay in that job due to the experience rating given by other employees about a company.

Option A is the correct answer.

Who is an employee?

An employee is an individual hired by the employer or HR of that company for a particular job vacancy. The hiring is basically done on the basis of the job profile and the work profile of that individual.

An experience rating is the rating given by the employees on their perspectives in a particular company starting from the first day of the job till their exit from that job. It enables other employees to know about the work culture and policies of that company before taking any employment. It can be positive or negative depending on the perspective of an employee.

Therefore, the experience rating can be the reason for staying of an employee in a particular job apart from the salary package.

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The required return on the stock of Moe's Pizza is 12. 5 percent and aftertax required return on the company's debt is 3. 91 percent. The company's market value capital structure consists of 69 percent equity. The company is considering a new project that is less risky than current operations and it feels the risk adjustment factor is minus 1. 8 percent. The tax rate is 35 percent. What is the required return for the new project

Answers

Answer:

The required return on the stock of Moes pizza is 10.4 percent and after tax required return on the company’s debt is 3.28 percent. The company’s market value capital structure consists of 65 percent equity. The company is considering a new project that is less risky than current operations and it feels the risk adjustment factor is minus 1.5 percent. The tax rate is 35 percent.

Suppose the Fed announces that it is raising its target interest rate by 75 basis points, or 0.75 percentage point. To do this, the Fed will use open-market operations to

Answers

The Fed will use open market operations to decrease the supply of money by selling bonds to the public

What is open-market operations?

Open market operations are one of the tools that the Fed uses to regulate the supply of money and credit in the economy.

It entails buying or selling of securities in the market to either increase or decrease the amount of money in circulation. Open market operations can be used for either expansionary or contractionary policies.

Hence, the Fed will use open market operations to decrease the supply of money by selling bonds to the public.

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A chart that is recommended as an alternative to a pie chart is a _________.

Answers

Answer:simple bar chart or stacked chart

Explanation:

many or any chart for that matter can be an alternative to a pie chart but these specific ones can to my mind first

Retailing includes all activities involved in selling, renting, and providing product and services Blank______.

Answers

Retailing includes all activities involved in selling, renting, and providing product and services to ultimate consumers.

What is retail?

It should be noted that retail simply means the sale of goods and services to ensure that the demand of the public are met.

In this case, retailing includes all activities involved in selling, renting, and providing product and services to ultimate consumers.

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A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit. The marginal revenue of the 151st unit of output is Group of answer choices -$6.98. -$0.02. $2.45. $6.98.

Answers

If A monopoly firm can sell 150 units of output for $10 per unit. The marginal revenue of the 151st unit of output is $6.98.

Marginal revenue

Using this formula

Marginal revenue=(Number of units×Price per units)-(Alternate Number of units×Price per units)

Let plug in the formula

Marginal revenue=(151 units×$9.98 per units)-(150 units×$10 per units)

Marginal revenue=$1,506.98-$1,500

Marginal revenue=$6.98

Therefore the marginal revenue of the 151st unit of output is $6.98.

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g The effective rate of an amount of money invested in an account compounded quarterly is 7.7136 % What is the nominal rate

Answers

The nominal interest rate given the effective rate and the number of compounding is 7.5%.

What is the nominal rate?

The effective rate is the actual interest rate earned on an investment when the rate of compounding is accounted for.

Nominal interest rate = m × [ ( 1 + i)^1/m - 1 ],

Where:

M = number of compoundingi  = effective interest rate

4 x [(1.077136)^0.25 - 1] = 7.5%

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A company has filed a registration statement with the SEC that uses a method that is only available to seasoned issuers. This registration statement is good for:

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A company that filed a registration statement with the SEC, which uses method that is only available to seasoned issuers is valid for 3 years.

What is securities and exchange commission (SEC)?

Securities and exchange commission refers to a government agency that is responsible for enforcing laws at the federal level inorder to protect Americas who deals in securities market.

This government agency protects:

Investors, Provides dataRegulates the marketFacilitate capital formation.

Hence, a company who filed a registration statement with the SEC that uses a method that is only available to seasoned issuers. This registration statement is good for 3 years

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________ is the process of improving an individual's productivity through more efficient use of time.

Answers

Time management can be defined as the  process of improving an individual's productivity through more efficient use of time.

What is time management?

This is the concept that has to do with the efficient use of time. It has to do with  the ability to allocate activities at a particular time period.

Thye concept of time management is very useful in the business process and in other spheres of life.

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ABC Corp is partnering with a company to offer ads. The company will show the ads for free and ABC Corp only pays if the customer visits the page from that ad. ABC Corp is using the ________.

Answers

ABC Corp is using the pay per click when its partners with an ads company and pays the, when a customer visits its page from that ad posted.

What is a pay per click?

This is an ads model whereby the company that placed such ads pays money to the host website when a user clicks on to the ads.

Hence, the business model called pay per click is used by ABC Corp.

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A design firm wants to hire a senior manager to oversee its architecture division. four applicants and their qualifications are listed in the chart. a 2-column table with 4 rows titled job qualifications of applicants. column 1 is unlabeled with entries samuel, hayley, rhonda, enrique. column 2 is labeled qualifications with entries has been in the field 2 decades, designed many buildings as an architect, wants to move into management; has been a manager for a decade, designed many buildings as an architect, has supervised projects for clients; has been in the field for 7 years, designed many buildings as a mechanical engineer, wants to move into management; has been in the field for 7 years, designed many buildings as a mechanical engineer, wants to move into management. which candidate will most likely get the job? samuel hayley rhonda enrique

Answers

The candidate will most likely get the job  is Hayley. Check the reason for the above answer below.

Who is an architect?

The person who is architect is known as a  person that is responsible for the planning, designs and the management of  a building work.

Conclusively,  The candidate will most likely get the job is Hayley because he is known to be the manager for a long time and he has designed many buildings as an Architect.

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Answer:

Hayley. 100%

Explanation:

Not Wrong.

At what age can you legally start working to help earn an income in the united states?.

Answers

Answer:

14 years old

Explanation:

As a general rule, the FLSA sets 14 years old as the minimum age for employment, and limits the number of hours worked by minors under the age of 16.

The manager of a(n) ___________- center has control over costs, revenue, and investment in operating assets.

Answers

Answer:

The manager of an investment center has control over costs, revenue, and investment in operating assets.

Explanation:

top answer right!!!!

You pay $5,500 per year for insurance on your building. Fire damage caused $15,000 in repairs. The insurance company paid for the repairs with a $1,000 deductible. Insurance premiums will go up by 15% because of the claim. What will be the annual insurance cost on the building next year

Answers

Based on the amount you pay now and the increase in insurance premiums, your annual insurance costs next year would be $6,325.

What is the next insurance cost next year?

The annual cost of insurance refers to the amount that is paid in premiums in a year.

That cost is currently $5,500 but will increase by 15%.

= Current insurance cost x ( 1 + rate of increase)

Solving gives:

= 5,500 x ( 1 + 15%)

= $6,325

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Macy offers to sell his fitness watch for $50 to Nona. Nona promises to pay Macy the price. Later, they exchange the watch for the funds. A contract was created when

Answers

Based on the given description, we can see that a contract was reached when d. Nona promised to pay for the watch

What is a Contract?

This refers to the legally binding agreement between two or more parties about a particular thing.

Hence, we can see that because Macy offered to sell and Nona promised to pay for the watch, a contract was agreed upon because there is an agreement reached about the sale of the watch.

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When Annika and Karen use prices that end in 9. They seem to assume that their customers see prices with these endings as substantially lower. This is

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The fact that Annika and Karen use prices that end in 9 to get their customers to see prices as lower is called odd-even pricing.

What is odd-even pricing?

This is a pricing strategy where retailers and suppliers put an odd number such as 9 at the end of a price.

The reason for this is a belief that when people see a price ending with 9, they believe the good is cheaper because it isn't rounded up and so they buy the good.

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New Belgium's organizational structure is divided by Multiple Choice geography. demographics. products. centralization. departments.

Answers

In New Belgium firm, the organizational structure is based and divided by department.

What is an organizational structure?

This basically means the method at which work flows through an organization and how activities are delegated toward achieving an organization's goal.

Majority of the departmental structure of an organization usually include: marketing, finance, human resources, information technology, administration, production etc

Therefore, the Option E is correct.

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Nancy tells her supervisor that as of right now, $1.05 worth of work has been accomplished for each $1 worth of scheduled work. Nancy got this information from viewing the

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Nancy got the information about how $1.05 worth of work has been accomplished from scheduled work from Serial Peripheral Interface.

What is Serial Peripheral Interface?

The Serial Peripheral Interface serves as a synchronous serial communication interface specification that is used for short-distance communication.

Serial peripheral interface (SPI) is used interfaces between microcontroller which allows Nancy to know about the work done.

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When organizations decide to operate internationally, workforce ______ involves decisions about where and how many employees are needed for each facility. Multiple choice question.

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When organizations decide to operate internationally, workforce planning involves decisions about where and how many employees are needed for each facility. As there is requirement of employees at each level in the company.

What is decision making in planning?

The process by which multiple prospective solutions or alternatives are identified and the most practicable answer or course of action is finalized is referred to as decision-making.

It's an important aspect of the planning process. Choosing the best course of action from a variety of possibilities is the result of decision-making, so that the product get the good position in the marketplace.

Thus, the planning is required in decision making.

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Samuel is barely able to pay his bills on time. He lives paycheck to paycheck. He just barely manages to keep food on the table for his family and pay his rent to keep a roof over their heads. What effect would a sudden rise in inflation have on him? Explain.


A) he would find it easier to meet his family's basic needs and may even have extra income since everyday goods such as food would become cheaper

B) he would find it easier to meet his family's basic needs and may even have extra income since his rent would decrease

C) He would find it more difficult to meet his familys basic needs since his income level would decrease and would have less money to buy everyday goods such as food

D) he he would find it more difficult to meet his family's basic needs since everyday goods such as food become more expensive

Answers

The answer is D as inflation usually consists of the rise of price in goods and services. The salary is not decreased, however it is worth less as everything rises in cost and his salary stays the same.
Hope that helps!

He would find it more difficult to meet his family's basic needs since everyday goods such as food become more expensive in inflation. Thus, its D.

What is inflation?

Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. It means that, on average, prices are rising, and the purchasing power of money is decreasing.

Inflation can be caused by various factors, such as an increase in the supply of money, which can occur when central banks print too much money or when governments spend too much, leading to an excess of money chasing a limited supply of goods and services.

Other factors that can contribute to inflation include increases in production costs, changes in global commodity prices, and changes in consumer behavior.

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An advantage of integrating opsec principles in your day-to-day operations is that it:.

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stuck on the same question please tell me when you find the answer!

There are many benefits to incorporating OPSEC (operational security) principles into daily operations.

By discovering and fixing potential vulnerabilities, it reduces the chances of security breaches or data leaks and helps manage risks. OPSEC protects confidential data by limiting access to it and disclosing it to authorized parties. By implementing OPSEC, organizations can better respond to attacks and respond quickly to incidents.

It enhances the ability to take decisions keeping in mind the security risks and their consequences. OPSEC implementation shows commitment towards improving safety, reliability and building trust among stakeholders. Applying OPSEC principles enhances an organization's ability to strengthen security and manage risks while protecting sensitive data.

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When a shareholder contributes appreciated property to an S corporation in a transfer that qualifies under Section 351 and the shareholder receives stock and cash in return, the shareholder will recognize:

Answers

The shareholder will recognize no loss or gain on the transfer that qualifies under the Section 351.

What is provided under Section 351?

The section says no gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock in such corporation.

Therefore, the shareholder will recognize neither loss or gain on the transfer that qualifies under the Section 351.

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Kyla is the leader of a sales team for a new product. She uses bonus incentives for every sale, as a primary method of motivating her team to produce. Which leadership style is Kyla using

Answers

Incentivization on every sale is one of the methods used by Kyla in order to motivate her team to boost the sales of the organization.

What is incentivization?

An action that induces energy in the organization and motivates the resources of the organization to boost the performance and drive the goals.

In the above example, it is seen that Kyla incentivizes her sales team for every sale that they initiate with bonuses. This helps her drive the sales of her team.

Hence, as an ideal leader, Kyla uses incentivization method to primarily motivate her sales team by giving them bonuses for each sale.

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please help-
Imagine that the company you work for doesn’t have a set policy for what its employees do with their company-issued laptops. You have found out that some coworkers use their computers to download music and movies and create their own personal projects for other clients. Do you think this is appropriate behavior? What sort of ethical issues could arise from this policy? What sort of wording would you recommend for a new policy about laptop usage?

Answers

Answer: It can be deduced that it's unethical for your employees to use their work computers for personal activities?

Explanation:

What is ethics?

It should be noted that ethics simply means the principle of knowing what is right from what is wrong.

In this case, it's unethical for your employees to use their work computers for personal activities. This isn't appropriate.

Furthermore, it's ethical for you to monitor computer usage. This is necessary to checkmate the activities of the employees.

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What qualities make someone remarkable? A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $350 per day. Assume that the additional vehicle would be capable of delivering 1,750 packages per day and that each package that is delivered brings in $0.35 in revenue. Also assume that adding the delivery vehicle would not affect any other costs. What is the region of the country for New Zealand? Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $128 in interest after 2 years. How much money should he deposit? What was the origin of the territorial dispute over Taiwan?A. People from both China and Japan settled on the island in the late 16th century. B. South Koreans fled to the island when the North Koreans drove them off the Inchon Peninsula. C. China developed a whaling trade on Taiwan, threatening Japan's dominance of that industry. D. Chinese nationalists fled to Taiwan when the People's Republic of China was established You know how it is, when you wake up in a strange place and wonder where in the world you are, until memory comes rushing over you like a wave.What type of figurative language is used in the example?HyperboleSimileMetaphorPersonification make it passive:does the price include lunch? All workers pursue ongoing education for the same reason. please select the best answer from the choices provided t f Allen is showing his work in simplifying 8.3 + 9.2 4.4 + 3.7. Identify and explain any errors in his work or in his reasoning. Write feedback to Allen explaining the mistake he made and how to correct his work.Step Work Reasoning8.3 + 9.2 4.4 + 3.7 Original problem1 8.3 + 9.2 + 4.4 + 3.7 Additive inverse2 8.3 + 4.4 + 9.2 + 3.7 Commutative property3 8.3 + (4.4 + 9.2 + 3.7) Associative property4 8.3 + 17.3 Simplify5 9 Simplify When determining what price to charge for a product or service, marketing executives consider which of the following?A. competitors pricing structuresB. how much customers can afford to pay for the product or serviceC. at what point the market will be flooded with similar products and services, driving down consumer demandD. all of the above norm has $25 from his birthday to start with and plans to add $7 each week Which statement best summarizes this passage? Segregation of schools harms African American children. Children eventually overcome the effects of segregation. Segregation is a form of separation, not discrimination. Segregation has no association with racial inferiority. After a famous organized crime boss is convicted of racketeering, their attorney vows that the District Court made a mistake. As the crime boss begins to serve their sentence, the attorney files paperwork to have the facts reexamined. What court would MOST likely find this case on their docket Whats your favorite volor adds and removes printers or fax machines using add printer wizard Please help :( Algebra 2 Question A child arranges toy action figures into rows. The first row has three action figures and each row after the first has six more figures than the row before it. Write a rule for the number of action figures in the nth row. If there are nine , how many action figures are there? Part AAccording to PRO/CON: Is Binge-Watching a Harmless Pleasure or a Harmful Addiction?, what is an effect of binge-watching?A. It can solve problems within a family.B. It makes people feel isolated and lonely.C. Binge-watching can make people feel more effective.D. Binge-watching is a difficult habit to break.Question 2Part BWhich detail from PRO/CON: Is Binge-Watching a Harmless Pleasure or a Harmful Addiction? best supports the answer to Part A?A. On top of that, psychologists say that finishing a series gives viewers feelings of control and power.B. She explained that when binge-watching becomes a habit, viewers may start to neglect their work and their relationships with others.C. If couples see fictional characters experiencing similar troubles, they may be able to better understand their real-life issues.D.One study found that binge-watching was related to poor sleep quality, fatigue and insomnia. Correct the sentence by selecting the correct pronoun reference.Elther him or her could help you.Oher or himO correct as isOhe or sheO himself or herself Under which of the following conditions of temperature and pressure would 1.0 mol of the real gas CO2(g) behave most like an ideal gas?(1) 100 K and 0.1 atm(2) 100 K and 10 atm(3) 500 K and 0.1 atm(4) 500 K and 10 atm(5) none of above 004 (part 1 of 3) 10.0 pointsTwo moles of helium gas initially at 410 Kand 0.47 atm are compressed isothermally to1.34 atm.Find the final volume of the gas. Assumethat helium behaves as an ideal gas. Theuniversal gas constant is 8.31451 J/K mol.005 (part 2 of 3) 10.0 pointsFind the work done by the gas.Answer in units of kJ.006 (part 3 of 3) 10.0 pointsFind the thermal energy transferred.Answer in units of kJ.