3. What are examples of accrued liabilities? Deferred revenues must be deposits placed by airline industry? 4. What would other long-term liabilities be here? Thanks in advance!pic.twitter.com/U5BAyNT2Ni
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3. What are examples of accrued liabilities? Deferred revenues must be deposits placed by airline industry? 4. What would other long-term liabilities be here? Thanks in advance!pic.twitter.com/U5BAyNT2Ni
My understanding is Goodwill is the premium you pay in acquisitions above book value, as that's the only way to balance the balance sheet out. So if you paid $30M for a startup, with a book value for $20M, you would add $10M in Goodwill.
As I understand it, that’s a good explanation. Thanks a lot. Makes sense.
"Current Assets" or those that can be converted to cash within a year or less including inventory and accounts receivable. WIP is Work In Progress, that is inventory that is not finished but in the building phase such as a half assembled engine.
Goodwill is debited when the firm purchases another firm for more than the equity on the books of the firm being purchased. Goodwill is the difference between what was paid and the equity purchased. Boeing bought other firms.
Intangible assets are things like patents, trademarks, goodwill, proprietary technology, etc. Long-term assets are those that cannot be converted to cash within a year such as plant and equipment but also financial instruments like bonds or CDs or loans to other firms.
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