Lois is selling her needlework shop to Simon. Simon is also purchasing the name of the business from Lois, all of the fixtures, and the inventory. Lois is essentially handing over the entire business, from top to bottom, to Simon, who is planning continuing what she had started. What are the essential elements of this business opportunity sale? A Bill of Sale
A. A Bill of SaleB. Financial StatementsC. GoodwillD. Both A and B
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Lois is selling her needlework shop to Simon. Simon is also purchasing the name of the business from Lois, all of the fixtures, and the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Adler Company is considering developing a new product. The company has gathered the following information on this product.
Answers (1)
Prestige Company has determined the following information for its recent fiscal year. Days inventory outstanding 42.7 days Days payable outstanding 56.8 days Days sales outstanding 91.3 days Compute Prestige Company's cash conversion cycle. A. 8.
Answers (1)
Suppose that the market price for ... Suppose that the market price for hot dogs sold by street vendors has just risen from $4.50 to $5.00, and that in response Curly has now begun operating a hot dog cart.
Answers (1)
Which of the following statements about Treasury Stock is correct? Multiple Choice The balance in the Treasury Stock account increases paid-in capital. The balance in the Treasury Stock account reduces paid-in capital.
Answers (1)
On November 30, 2013, Piani Incorporated purchased for cash of $25 per share all 400,000 shares of the outstanding common stock of Surge Company. Surge 's balance sheet at November 30, 2013, showed a book value of $8,000,000.
Answers (1)
New Questions in Business
If a cooperating broker accepts the offer of subagency from a listing broker, to whom does the cooperating broker owe fiduciary duties?
Answers (1)
A group of dairy farmers is trying to raise milk prices by 10%. If the price elasticity of demand for milk is 0.
Answers (1)
Avido Inc. is expected to pay a $2.00 dividend at year end (D1 = $2.00), the dividend is expected to grow at a constant rate of 4.50% a year, and the common stock currently sells for $47.00 a share. The before-tax cost of debt is 6.
Answers (1)
Subsidizing medical services through medicare a. makes medical services available to a large percentage of the? population, who otherwise could not afford them. b.
Answers (1)
The Evanec Company's next expected dividend, D1, is $3.03; its growth rate is 5%; and its common stock now sells for $34.00. New stock (external equity) can be sold to net $28.90 per share. a. What is Evanec's cost of retained earnings? b.
Answers (1)