Time left 1:56:16 Question 13 Not yet answered On November 10, 2020, Maher, Saher, and Taher, partners of Maher, Saher, & Taher LLP, shared net income and losses in a 4:2:1 ratio respectively. In liquidation of the LLP, the Capital per unit of income sharing ratio were: $10,000, $12,000, $15,000 respectively. The capital balance of Maher before liquidation was: Marked out of 1.00 Flag question O a. $24,000 O b. 540,000 O c $37,000 O d. $15,000 Previous page Next page Time left 1:56:02 Question 14 Not yet answered On February 28, 2020, Alpha Corporation acquired 90% of the outstanding common stock of Bita Company for $500,000 cash. Out-of-pocket costs of the business combination paid by Alpha on February 28, 2020, were in the form of Finder's and legal fees relating to business combination $50,000 and Costs associated with SEC registration statement $10,000, only the fair value of plant assets exceeds its carrying amount by $90,000, net assets of Bita $400,000. The amount of goodwill is: Marked out of 1.00 Flag question O a. 570,000 O b. 68,000 O c. $109,000 O d. $20,000 Previous page Next page Time left 1:56:16 Question 13 Not yet answered On November 10, 2020, Maher, Saher, and Taher, partners of Maher, Saher, & Taher LLP, shared net income and losses in a 4:2:1 ratio respectively. In liquidation of the LLP, the Capital per unit of income sharing ratio were: $10,000, $12,000, $15,000 respectively. The capital balance of Maher before liquidation was: Marked out of 1.00 Flag question O a. $24,000 O b. 540,000 O c $37,000 O d. $15,000 Previous page Next page Time left 1:56:02 Question 14 Not yet answered On February 28, 2020, Alpha Corporation acquired 90% of the outstanding common stock of Bita Company for $500,000 cash. Out-of-pocket costs of the business combination paid by Alpha on February 28, 2020, were in the form of Finder's and legal fees relating to business combination $50,000 and Costs associated with SEC registration statement $10,000, only the fair value of plant assets exceeds its carrying amount by $90,000, net assets of Bita $400,000. The amount of goodwill is: Marked out of 1.00 Flag question O a. 570,000 O b. 68,000 O c. $109,000 O d. $20,000 Previous page Next page