Suppose Dee's Just Acquired the Assets of Flo's Flowers

question 34

Multiple Choice

Suppose Dee's just acquired the assets of Flo's Flowers.The book value of Flo's Flowers assets was $68,000 but Dee's paid a total of $75,000.The additional $7,000 paid by Dee's will be recorded on Dee's balance sheet as:

• A) accounts payable.
• B) goodwill.
• C) other current assets.
• D) property, plant, and equipment.

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Definitions:

B-lymphocyte Differentiation

This refers to the process by which B-cells mature and differentiate into cells capable of producing antibodies.

Cellular Immunity

A component of the immune system that involves the activation of immune cells to fight off pathogens, particularly those that reside within cells.

Lymphatic System

A network of tissues and organs that help rid the body of toxins, waste, and other unwanted materials.

Tissue Spaces

Areas within body tissues that are not occupied by cells, often filled with fluid or extracellular matrix.