Products reported a​ write-down loss of for one of its plant assets on ​31, . The asset is currently held for disposal. At ​31, ​, the fair value of the asset increased by . Can record a​ recovery? Prepare the journal entry to record the recovery if it is permitted. Determine whether can record the recovery. can cannot can record the recovery since the asset is held for disposal, but only up to the previously recognized write-down. because U. S. GAAP does not permit firms to reverse write-down losses on assets held for disposal. because it exceeds the prior period write-down loss. for the total increase in fair value since the asset is held for disposal. since the asset is held for disposal, but only up to the previously recognized write-down. ​Now, prepare the journal entry to record the recovery if it is permitted as of ​31, . ​(Record debits​ first, then credits. Exclude explanations from any journal entries. If no entry is​ required, enter​ "No entry​ required" on the first account line and leave the remaining cells blank. Check your spelling carefully and do not​ abbreviate.) Account December 31, 2019

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

In a team environment, a coordinator is? a person with expert knowledge or skills in a particular area the team needs. a good listener who works to resolve social problems among teammates. a leader who team members focus on their tasks. a good networker who likes to explore new ideas and possiblities.