On january 1, 2017, dawson, incorporated, paid $100,000 for a 30% interest in sacco corporation. this investee had assets with a book value of $550,000 and liabilities of $300,000. a patent held by sacco having a book value of $10,000 was actually worth $40,000 with a six-year remaining life. any goodwill associated with this acquisition is considered to have an indefinite life. during 2017, sacco reported net income of $50,000 and paid dividends of $20,000 while in 2018 it reported net income of $75,000 and dividends of $30,000. assume dawson has the ability to significantly influence the operations of sacco. the amount allocated to goodwill at january 1, 2017, is: group of answer choices $10,000 $25,000 $16,000 $ 9,000 $13,000

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

If you miss two payments on a credit card what is generally the penalty

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.