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What else can I help you with?
The current assets section of the balance sheet should include?
goodwill
Does goodwill only appear on the consolidated balance sheet?
That is correct. Goodwill as an asset appears on the balance sheet of a consolidated company to represent any premium that the acquiring company paid for a subsidiary company that is in excess of the fair value of the company's net assets. Therefore, Goodwill would only show up on the consolidated balance sheet, as the subsidiary's net assets are not reflected on the acquiring company's balance sheet until the consolidation process.
What is classified as an intangible asset on the balance sheet?
goodwill
Where would you record acceptances in balance sheet?
Record it as an expense.
What is the balance sheet equation?
balance sheet is a record of debit and credit entry of account in order to obtain the net profit of the business.
What is goodwill on the balance sheet?
Goodwill is an intangible asset and that amount or value which business earns due to it good working and part of other assets.
When is the intangible asset goodwill capitalized?
Internally generated goodwill is never capitalized, purchased goodwill is capatalized on the consoilidated balance sheet.
The current assets section of the balance sheet should include?
goodwill
Does goodwill only appear on the consolidated balance sheet?
That is correct. Goodwill as an asset appears on the balance sheet of a consolidated company to represent any premium that the acquiring company paid for a subsidiary company that is in excess of the fair value of the company's net assets. Therefore, Goodwill would only show up on the consolidated balance sheet, as the subsidiary's net assets are not reflected on the acquiring company's balance sheet until the consolidation process.
What is classified as an intangible asset on the balance sheet?
goodwill
What is the different between condlidated balance sheet and acutal balance sheet?
Consolidated balance sheet shows the record of full group of companies while simple balance sheet shows the record of single company.
What is balnce sheet?
Balance sheet is the record of Assets and Liabilities.
Is tax a asset or expense and how do I record it in the General journal or balance sheet-?
Tax is an expense, you do not record it in a balance sheet but on the general journal.
Where would you record acceptances in balance sheet?
Record it as an expense.
How to account for the goodwill in the financial statement?
Balance Sheet- Noon Current Asset- intangable Asset
Where do you record drawings in the balance sheet?
asset
What items on a company's balance sheet have no physical substance?
Intangible assets are items such as Copyrights, patents, goodwill, trademarks, etc. These would be classified as Intangible Assets on a company's balance sheet.
