All paralegals work in law offices

You can buy a company's stock when the company issues shares in the primary market or when an existing investor sells his/her shares in the secondary market.

a. true b. false

On January 1, 2015, Alda Solutions paid $200,000 to acquire Fancy Phones, Inc, an electronic gadget-advertising website

At the time of the acquisition, Fancy Phone's balance sheet reported total assets of $200,000 and liabilities of $100,000. The fair market value of Fancy Phone's assets was $200,000. The fair market value of its liabilities was $100,000. At the end of 2018, goodwill was measured, and its fair value was determined to be $60,000. Record the impairment of goodwill. What will be an ideal response