Northern purchased the entire business of Southern including all its assets and liabilities for $652,750. Below is information related to the two companies: Northern Southern Fair value of assets $1,057,000 $796,000 Fair value of liabilities 575,000 306,000 Reported assets 819,000 630,000 Reported liabilities 484,000 257,000 Net Income for the year 56,000 60,000 How much goodwill did Northern pay for acquiring Southern? a. $162,750 b. $279,750 c. $373,000 d. $228,150

If a bond is issued at a premium the effective interest rate is most likely

Read the following paragraph, and choose the best revision for one of its sentences. dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)