On june 1, cline co. paid $977,000 cash for all of the issued and outstanding common stock of renn corp. the carrying amounts for renn’s assets and liabilities on june 1 follow: cash $ 154,000 accounts receivable 289,000 capitalized software costs 354,000 goodwill 164,000 liabilities (164,000 ) net assets $ 797,000 on june 1, renn’s accounts receivable had a fair value of $232,000. additionally, renn’s in-process research and development was estimated to have a fair value of $247,000. all other items were stated at their fair values. on cline’s june 1 consolidated balance sheet, how much is reported for goodwill?

In allentown, pennsylvania, in the summer of 2014, the average price of a gallon of gasoline was $3.68long dasha 22-cent increase from the year before. many consumers were upset by the increase. one was quoted in a local newspaper as saying, "it's crazy. the government should step in." source: sam kennedy, "valley feeling pain at the pump," (allentown, pa) morning call, june 21, 2014. suppose the government had stepped in and imposed a price ceiling equal to old price of $3.46 per gallon. a. using the line drawing tool, draw and label the price ceiling. carefully follow the instructions above, and only draw the required object.

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?