39 - In which of the following accounts, the central heating installation made by the enterprise for a building rented is accounted for? A) Ongoing Investments B) Buildings C) General Administrative Expenses D) Special Costs E) Goodwill

39 - In which of the following accounts, the central heating installation made by the enterprise for a building rented is accounted for? A) Ongoing Investments B) Buildings C) General Administrative Expenses D) Special Costs E) Goodwill

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 2EA: For the following descriptions state whether the cost is controllable or uncontrollable by...

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Question

39 - In which of the following accounts, the central heating installation made by the enterprise for a building rented is accounted for?
A) Ongoing Investments

B) Buildings

C) General Administrative Expenses

D) Special Costs

E) Goodwill

Definition Definition Intangible asset that includes proprietary or intellectual property and brand value of a firm. Goodwill is recorded in the books when a firm purchases another firm and the purchase price is more than the fair value of net identifiable assets of the acquired business. The amount of goodwill is recorded on the asset side of the balance sheet (statement of financial position).

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