Answered: which of the following accounts should…

Business

Accounting

which of the following accounts should this process be followed?

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

30 - An enterprise bears its cost by building a road on the land in order to facilitate access to its workplace on its own land.
In which of the following accounts should this process be followed?

A) Land and plots

B) Establishment and Organization Expenses

C) Goodwill

D) Special Costs

E) Underground and Surface Layouts

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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