Retail e-commerce in the United States is not expected to continue growing at double-digit growth rates in 2015-2016

Price is not used for trade promotions as it garners a negative opinion for the brand

Indicate whether the statement is true or false a. True b. False

Gideon Electronics paid $200,000 to acquire Tabletz, Inc, an electronic gadget-advertising website

At the time of the acquisition, Tabletz's balance sheet reported total assets of $200,000 and liabilities of $100,000. The fair market value of Tabletz's assets was $200,000. The fair market value of its liabilities was $100,000. Journalize the acquisition of Tabletz in the books of Gideon Electronics. What will be an ideal response