1. Which statement is true concerning U. S. GAAP for the qualitative evaluation of goodwill? A. You don't have to quantitatively evaluate goodwill for impairment if it is more likely than not that the reporting unit's fair value is less than its book value. B. You don't have to quantitively evaluate goodwill for impairment if it is more likely than not that the reporting unit's book value is less than its fair value. C. You don't have to quantitatively evaluate goodwill for impairment if the acquired subsidiary is expected to continue operating in the foreseeable future. D. The qualitative goodwill evaluation is based on general information on the economy, rather than specific information about the reporting unit's performance.

The maximum amount of money that a consumer can charge on a credit card is called the

Alarge tank is filled to capacity with 500 gallons of pure water. brine containing 2 pounds of salt per gallon is pumped into the tank at a rate of 5 gal/min. the well-mixed solution is pumped out at the same rate. find the number a(t) of pounds of salt in the tank at time t.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.