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:

Injured Tissues

Body tissues that have been damaged due to injury, leading to inflammation, pain, and sometimes loss of function.

Platelets

are small blood cells that play a crucial role in clotting, preventing excessive bleeding when blood vessels are injured.

Hematocrit

refers to the proportion of blood volume that is occupied by red blood cells, a measure important in diagnosing and treating various conditions.

Males

Referring to the sex that produces small, mobile gametes (such as sperm in humans) which fertilize the larger gametes produced by females.