Desert Company acquired Mountain Products on January 1, 2019, for $6,400,000, and recorded goodwill of $1,400,000 as a result of the purchase. At December 31, 2020, the Mountain Products Division had a fair value of $5,550,000. The net identifiable assets of the Division (including goodwill) had a book value of $5,220,000 at that time. What amount (if any) should Desert recognize as the loss on impairment of goodwill in 2020?

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

Which of these is not a result of regular exercise