- IR şletme our total net assets acquired 1,000,000 due to the cost of TL Green aş. £ 800,000 potential customers. Which of the following accounts is debited in the record that needs to be made regarding this transaction? a) Accumulated Depreciation Hs. B) Goodwill Hs. NS) Special Costs Hs. D) Establishment and Organization Expenses Hs. TO) Preparation and Development Expenses Hs.

- IR şletme our total net assets acquired 1,000,000 due to the cost of TL Green aş. £ 800,000 potential customers. Which of the following accounts is debited in the record that needs to be made regarding this transaction? a) Accumulated Depreciation Hs. B) Goodwill Hs. NS) Special Costs Hs. D) Establishment and Organization Expenses Hs. TO) Preparation and Development Expenses Hs.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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IR şletme our total net assets acquired 1,000,000 due to the cost of TL Green aş. £ 800,000 potential customers.

Which of the following accounts is debited in the record that needs to be made regarding this transaction?

a)	Accumulated Depreciation Hs.

B)	Goodwill Hs.

NS)	Special Costs Hs.

D)	Establishment and Organization Expenses Hs.

TO)	Preparation and Development Expenses Hs.

Definition Definition Intangible asset that includes proprietary or intellectual property and brand value of a firm. Goodwill is recorded in the books when a firm purchases another firm and the purchase price is more than the fair value of net identifiable assets of the acquired business. The amount of goodwill is recorded on the asset side of the balance sheet (statement of financial position).

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