Which of the following, would not be pan of the COM of put chased\' 12 Coca-Cola

Question

Which of the following, would not be pan of the COM of put chased' 12 Coca-Cola's famous name printed in distinctive typeface is an example of 13 The fair market value of Lewis Company's net identifiable assets is $3.000.000 Martin Corporation purchases Lewis' entire business for $S,800,000 Which of the following tta&emetti; is not correct? A Martin Corporation paid $800,000 for goodwill genet at cd by Lewis Company H Martin feels that Lewis Company has the ability to generate earnings in excess of a normal return on net identifiable assets Martin will record amortization expense over a period not to exceed 40 years D Martin Corporation will record $800.000 to goodwill, an intangible asset, which will be reported in its balance sheet

Explanation / Answer

8 TheGain/ Loss that will be recognised Cost 18800 Less: Dep -6000 BOOK Value 12800 Sell Value 11600 Loss -1200 11600-12800 The correct option is B. A Loss of $ 1200 9 The correct answer is A. A Debit to Amortization Expense 10 The correct answer is A. Sales Tax All the taxes the credit of which will be taken later on are not capitalised to the cost of the asset. Sales Tax is a Government Tax. 11 C. IRS 12 A. Trademark Coca Cola is a trademark of the company.

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