Northern purchased the entire business of Southern including all its assets and liabilities for $2,400,000 on December 31, 2021. Below is information related to the two companies at that date: Northern Southern Fair value of assets $ 4,200,000 $ 3,200,000 Fair value of liabilities 2,100,000 1,200,000 Reported assets 3,200,000 2,600,000 Reported liabilities 2,000,000 1,000,000 Net Income for the year 240,000 200,000 How much goodwill did Northern pay for acquiring Southern?

What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Companies under market structures are independent