Dosmann, inc., bought all outstanding shares of lizzi corporation on january 1, 2013, for $700,000 in cash. this portion of the consideration transferred results in a fair-value allocation of $35,000 to equipment and goodwill of $88,000. at the acquisition date, dosmann also agrees to pay lizzi's previous owners an additional $110,000 on january 1, 2015, if lizzi earns a 10 percent return on the fair value of its assets in 2013 and 2014. lizzi's profits exceed this threshold in both years. which of the following is true? consolidated goodwill as of january 1, 2015, increases by $110,000.the $110,000 is recorded as an expense in 2015.the fair value of the expected contingent payment increases goodwill at the acquisition date. the additional $110,000 payment is a reduction in consolidated retained earnings

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)

What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer