In 2022, Ghostbusters SA spent 420,000 for goodwill visits by sales personnel to key customers. The purpose
Question:
In 2022, Ghostbusters SA spent €420,000 for “goodwill” visits by sales personnel to key customers. The purpose of these visits was to build a solid, friendly relationship for the future and to gain insight into the problems and needs of the companies served. How should this expenditure be reported?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
The journal entry as the goodwill is bought Real ac Whats come in ...View the full answer
Answered By
Prashant Sharma
As I am DBF fro IUT , I have caliber to teach and full fill all academic needs like in teaching and training all the relevant subjects,preparations of assignments preparations of exams and any other problems related to educations, I give you very updated guidances and directions to our esteemed students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Business questions
-
In 2020, Ghostbusters Corp. spent $420,000 for goodwill visits by sales personnel to key customers. The purpose of these visits was to build a solid, friendly relationship for the future and to gain...
-
In 2012, Ghostbusters Corp. spent $420,000 for goodwill visits by sales personnel to key customers. The purpose of these visits was to build a solid, friendly relationship for the future and to gain...
-
In 2010 Ghostbusters Corp. spent $420,000 for goodwill visits by sales personnel to key customers. The purpose of these visits was to build a solid, friendly relationship for the future and to gain...
-
Secondary xylem and phloem in dicot stem are produced by (a) Phellogen (b) Apical meristems (c) Axillary meristems (d) Vascular cambium
-
Refer to the figure and find the volume generated by rotating the given region about the specified line. (a) (1 about OA (b) (1 about AB (c) (2 about OA R2 9R AL,0) X
-
ABC, cost hierarchy, service (CMA, adapted) Plymouth Test Laboratories does heat testing (HT) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system,...
-
What are the inputs and outputs? Apply the open systems model in Figure 12.1 to an organisation that you know.
-
Company S has no long-term marketable securities. Assume the following scenarios: Case A Assume that P Company paid $130,000 cash for 100% of the net assets of S Company. Case B Assume that P Company...
-
Crane Company bought equipment for $ 630000 on January 1 , 2016. Crane estimated the useful life to be 5 years with no salvage value , and the straight - line method of depreciation will be used . On...
-
Nigel and Sophie both like to play a single-player casual computer game. (They dont play together. They just happen to both like the same game.) Its the kind of game in which there are multiple...
-
As the recently appointed auditor for Ng Ltd., you have been asked to examine selected accounts before the 6-month financial statements of June 30, 2022, are prepared. The controller for Ng mentions...
-
Powerglide plc, organized in 2021, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2022. Instructions Prepare...
-
Drake Appliance Company, an accrual basis taxpayer, sells home appliances and service contracts. Determine the effects of each of the following transactions on the company's 2014 gross income...
-
Find the explained variation for the paired data. The equation of the regression line for the paired data below is y = 5.18286 + 3.33937x. X 972 23 34 4 22 17 y 43 35 16 21 23 102 81
-
5. The vertical stress at a point is 28 kPa, while the horizontal stress is 14 kPa. shear stress on the horizontal plane is +4 kPa. The (a) Draw the Mohr's circle of stress and show the pole point...
-
I need assistance with the below questions for my HIM 5370 at texas State University Case Mix Table: 4. Complete the Case Mix table shown below. Calculate the case mix for each month. The table below...
-
The probability that a printing press will print a book with no errors is 78%. The company is about to process an order of 30 books. Round decimals to 3 places or percentages to 1 decimal place. 9....
-
alculate Product Costs, using JOB COSTING SYSTEM. Please SHOW CALCULATION. Dream Chocolate Company: Choosing a Costing System TABLE 1 Typical Prices and Costs of Chocolate 641 1.25 oz. Bar 3.0 oz....
-
Write a program that reads a Celsius degree in a double value from the console, then converts it to Fahrenheit and displays the result. The formula for the conversion is as follows: fahrenheit = (9 /...
-
The liquidliquid extractor in Figure 8.1 operates at 100F and a nominal pressure of 15 psia. For the feed and solvent flows shown, determine the number of equilibrium stages to extract 99.5% of the...
-
On January 1, 2010, Bailey Industries had shares outstanding as follows. 6% cumulative preference shares, 100 par value, issued and outstanding 10,000 shares...
-
In 2010, Buraka Enterprises issued, at par, 75 $1,000, 8% bonds, each convertible into 100 ordinary shares. The liability component of convertible bonds was $950 per bond, based on a market rate of...
-
Werth Corporation earned $260,000 during a period when it had an average of 100,000 ordinary shares outstanding. The ordinary shares sold at an average market price of $15 per share during the...
-
1. (A nice inharitage) Suppose $1 were invested in 1776 at 3.3% interest compounded yearly a) Approximatelly how much would that investment be worth today: $1,000, $10,000, $100,000, or $1,000,000?...
-
Why Should not the government subsidize home buyers who make less than $120K per year. please explain this statement
-
Entries for equity investments: 20%50% ownership On January 6, 20Y8, Bulldog Co. purchased 25% of the outstanding common stock of $159,000. Gator Co. paid total dividends of $20,700 to all...
Study smarter with the SolutionInn App