1. A U. S. company reports $11,600 in goodwill and decides to quantitatively test it for impairment at the end of the year. The following information is collected: Division 1 Division 2 Division 3 Book value of goodwill $ 5,000 $ 400 $ 6,200 Fair value of division 60,000 10,000 25,000 Book value of division 62,000 9,500 24,000 2. What is the amount of goodwill impairment loss for the year, following U. S. GAAP? A. $ 5,000 B. $ 3,400 C. $ 2,000 D. $ 3,500

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to