Stephen's Auto Recently Purchased Auto Express for $9

question 1

Multiple Choice

Stephen's Auto recently purchased Auto Express for $9.8 million.Auto Express had a market value of $9.5 million at the time of acquisition.The additional $0.3 million that Stephen's Auto paid for Auto Express will be treated on Stephen's Auto's balance sheet as which type of account?

• A)patent
• B)depreciation
• C)licenses
• D)goodwill
• E)acquisition expense

Recognize the unique advantages and challenges of matrix structures.

Differentiate between impersonal and personal coordination methods and their impact on organizational synergy.

Understand the significance of policies, guidelines, and other regulatory mechanisms in shaping organizational actions.

Recognize how organizational designs are influenced by technologies, according to Thompson's classifications.

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Definitions:

General Warranty

A comprehensive guarantee that a seller gives to a buyer, covering the title and condition of property or goods.

Transfer by Deed

The act of conveying real estate ownership through a legal document known as a deed.

Deed

A legal document that represents the ownership of real property or real estate and is used to transfer title from one party to another.

Real Property

Land and any permanent structures on it, including the air above and the ground below, along with certain rights like usage and leasing.