When the value of net assets is less than the purchase price, the difference is debited to
Question:
When the value of net assets is less than the purchase price, the difference is debited to ____________ A/c.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Capital Reserve A/c is credited with the difference amount: (a). When the value of net assets is less than the purchase price (b). When the value of net assets is greater than the purchase price (c)....
-
True and False. The difference has to be credited to goodwill A/c, when the value of net assets is less than the purchase price.
-
When the value of net assets is more than the purchase price, the difference is credited to ____________ A/c.
-
1. What are some other ways in which HEALTHeLINK could be used to support public health activities?
-
ABC Company owns a chain of furniture stores. How much loss can ABC Company deduct in each of the following cases? Explain. a. ABC closes a store in a depressed part of the county. Rather than move...
-
Xr04-75 The chapter-opening example showed that there is a linear relationship between a baseball teams payroll and the number of wins. This raises the question, are success on the field and...
-
Heights of men and women. The heights of young women are approximately Normal with mean 65 inches and standard deviation 2.5 inches. The heights of men in the same age group have mean 70 inches and...
-
Minott Jewelers, Ltd., purchased store fixtures, display cases, and a maximum-security commercial safe for a lump-sum price of $14,000 from a bankrupt competitor. Appraised values were as follows:...
-
Tony and Suzie see the need for a rugged all - terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1 , 2 0 2 5 , for $ 1 3 , 6 0 0 . They expect to...
-
A Ltd. agreed to collect the debts and pay the creditors on behalf of Senthil from whom the company had acquired a running business. The firms debtors and creditors totaled 1,50,000 and 50,000...
-
True and False. Interest account is debited when the interest is paid on purchase price.
-
Let V, W be vector spaces with ordered bases F and F, respectively. If L : V W is a linear transformation and A is the matrix representing L relative to F and F, show that (a)v ker(L) if and only...
-
In Exercises 21-24, use these results from the "1-Panel-THC" test for marijuana use, which is provided by the company Drug Test Success: Among 143 subjects with positive test results, there are 24...
-
Please attached excel solution with formulars. An electronics manufacturer wants to expand its market in Europe. The demand in Europe is forecasted as: England France Spain Germany Italy Sweden 9 16...
-
Write a 1,500-2,000-word evaluation paper using the following instructions to complete this assignment. Go to the FBI Uniform Crime Reporting Program website (See link in the Class Resources). Search...
-
The y-intercept of the graph of the exponential function f(x) = 7.5(0.98)* is. Answer:
-
Using the following data definitions: bytel BYTE OFFh, 1, 2 byte2 BYTE 14h wordl WORD OFFFFh, 1, 2 word2 WORD 3 word3 SWORD 7FFFh, 8000h word4 SWORD 9000h dword1 DWORD 10h, 20h, 30h, 40h dArray DWORD...
-
What do mortality tables indicate?
-
If the annual fixed costs are 54,000 dinars, the occupation expense represents 20%, the contribution margin is 25%, and the unit selling price is 40 dinars. Required: Calculate the closing point of...
-
The following is the Balance Sheet of XYZ Ltd. as on 31st Marchr, 2016: I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital -50,000 Equity Shares of 10 each fully paid (b) Reserves...
-
The following are the summarised Balance Sheets of X Ltd. and Y Ltd. I. EQUITY AND LIABILITIES (1) Shareholders' Funds: Balance Sheets of X Ltd. and Y Ltd. as at ... Note No. (a) Share Capital Equity...
-
In an amalgamation in the nature of merger A. All assets and liabilities are taken over by the transferee company at agreed value B. All assets and liabilities are taken over by the transferee...
-
September 23 for $1,050 each. On December 24 , it sold one of the diamonds that was purchased on July 9 . Using the specific identification method, its ending inventory (after the December 24 sale)...
-
Madsen Motors's bonds have 13 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 10%. What is the...
-
Builder Products, Incorporated, uses the weighted - average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion....
Study smarter with the SolutionInn App