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Author Archives: Anonymous

Not based on actual personal knowledge or observation of the…

Not based on actual personal knowledge or observation of the facts in controversy, but of other facts from which deductions are drawn, showing indirectly the facts sought to be proved, is the definition of?

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The three types of elder abuse are?

The three types of elder abuse are?

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Calia Corporation acquired Joseph Industries on April 15, 20…

Calia Corporation acquired Joseph Industries on April 15, 2018, and recorded goodwill of $2,500,000 as a result of the purchase.  During an evaluation of their goodwill in conjunction with preparing their year-end financial statements for December 31, 2021, Calia noted the following: Joseph Industries had a fair value of 4,500,000  The net identifiable assets of Joseph Industries (including goodwill) had a carrying value of 4,800,000 What amount of goodwill related to the acquisition of Joseph Industries will Calia Corporation have on their balance sheet after any impairment is recorded as of December 31, 2021.

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The condition caused by chemical changes in body tissues whi…

The condition caused by chemical changes in body tissues which cause muscles to stiffen after death is?

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Lobner’s labs sold 10,000 viral testing kits to Walgreens fo…

Lobner’s labs sold 10,000 viral testing kits to Walgreens for $10/kit.  The sales price included the viral kit itself and the process of testing the sample collected by the kit.  The kit and testing process are deemed to be separate performance obligations.  The kit sells for a stand-alone price of $6 and the testing process is typically sold on a stand-alone basis for $9/test.  If Lobner’s labs delivers the 10,000 kits to Walgreens on April 15th, what amount of revenue can Lobner’s labs report on their income statement on that date, assuming the kits will not be used to collect samples until later in the month?

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A ________ describes how the impact of crime can spread beyo…

A ________ describes how the impact of crime can spread beyond the immediate victim.

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What percent or more of the hemoglobin oxygen transport syst…

What percent or more of the hemoglobin oxygen transport system is then unavailable for oxygen transport?

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Prophylactical anticoagulants are administered to patients w…

Prophylactical anticoagulants are administered to patients with severe, long-term fire-related to reduce the risk for pulmonary embolism. What is a common anticoagulant used?

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Snow Industries issued 5 year, 5% bonds with a face value of…

Snow Industries issued 5 year, 5% bonds with a face value of $150,000.  The bonds pay interest on July 1 and December 31 each year.  The market rate for these bonds was deemed to be 7%.  Using the factors below, your calculator or Excel, calculate the carrying value of the bonds at the date of issuance. Rate 3.5% 2.5% Present Value of (1) for 10 periods .70892 .78120 Present Value of an Annuity for 10 periods 8.31661 8.75206  

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Obtronics purchased a piece of manufacturing equipment for $…

Obtronics purchased a piece of manufacturing equipment for $200,000 with a five-year useful life and no salvage value.  If Obtronics sells the machine for $150,000 at the end of the third year, which of the following statements is true? I: The gain on sale will be larger if Obtronics uses the double-declining balance method versus the straight-line method of depreciation  II: The gain on sale will be larger if Obtronics depreciates the machinery using the straight-line method of depreciation versus the double-declining balance method  III: The gain on sale will be the same regardless of depreciation method   IV: Obtronics will incur more depreciation over the first three years of the useful life using the double-declining balance method versus the straight-line method of depreciation 

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