Prepare journal entries for 2011 for the following independent situations. Assume each organization has a December 31 year end.
b. Blue Bat Corporation purchases one of their main competitors on March 31, 2011. Blue Bat paid $160,000 for this purchase which included assets of $120,000 and liabilities of $10,000. The goodwill is believed to have an indefinite benefit.
Definitions:
Persuasive Message
Communication designed to convince or influence others to adopt a certain viewpoint or to take a specific action.
Credibility
The quality of being trusted and believed in due to one's reputation or evidence of expertise.
Persuasive Requests
Involve appealing to someone's interest or feelings to influence their decision or gain their support.
Directly
In a straightforward or clear manner, without deviation or intermediary.
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