Peter, inc. owns 100% of the rock company. the book value of the goodwill is $300,000. when peter made its investment, the rock had a fair value of $2,800,000. today, the value of the rock has fallen to $2,250,000. an appraisal of the rock's net assets reveals a fair value of $2,075,000. how much "impairment" should peter record related to its investment in the rock? $550,000$175,000$725,000$125,000$ 0, even though the fair value of the rock has fallen, goodwill is not yet impaired.

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

when taxes are levied on transactions, irrespective of the party they are levied on, a. the government can absorb some of the surplus, but also creates a social loss since some of the wealth creating transactions are discouraged b. the government can absorb all the producer surplus from the transactions as revenue c. the government can absorb all of the surplus (producer and consumer) d. the government can absorb all the consumer surplus from the transactions as revenue

Describe a situation when you used a text reference successfully to preview, prepare for, review or locate information you were learning.