On june 1 of year 1, riverside corp. (rc), a calendar-year taxpayer, acquired the assets of another business in a taxable acquisition. when the purchase price was allocated to the assets purchased, rc determined it had purchased $1,557,000 of goodwill for both book and tax purposes. at the end of year 1, the auditors for rc determined that the goodwill had not been impaired during the year. in year 2, however, the auditors concluded that $505,000 of the goodwill had been impaired, and they required rc to write down the goodwill by $505,000 for book purposes. (do not round intermediate calculations.)
a-1.
what book-tax difference associated with its goodwill should rc report in year 1?
b-1.
what book-tax difference associated with its goodwill should rc report in year 2?

Stephen barrett,md previous writing experience ?

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?