PLEASE ANSWER AS MANY AS POSSIBLE ASAP!

In 2019, Beta Corp. acquired Sands Corp. and recorded goodwill of $295 million as a result. The net assets (including goodwill) from Beta Corp.'s acquisition of Sands Corp. had a 2020 year-end book value of $630 million. Beta Corp. assessed the fair value of the Sands reporting unit at the end of 2020 to be $750 million. The fair value of all of the identifiable tangible and intangible assets (excluding goodwill) of the Sands reporting unit at this date was $663 million. The amount of the goodwill impairment loss attributable to the Sands Corp. acquisition that Beta Corp. would record in 2020 is: Multiple Choice $208 million. $0. $87 million. $120 million.

73) Beta Corp. collects deposits on the returnable containers in which it sells its merchandise. When customers fail to return the containers, forfeiting their deposits, Beta Corp. experiences:

Multiple Choice

75)

When a firm delivers a product or service for which the customer has paid in advance, the appropriate journal entry includes:

Multiple Choice

• A debit to a liability and a credit to a revenue account.

• A debit to an asset and a credit to a revenue account.

• A debit to a revenue and a credit to a liability account.

• A debit to a revenue and a credit to an asset account.

• An increase in accounts receivable.

• A decrease in cost of goods sold.

• An increase in revenue.

• An increase in current liabilities.