Company A purchased all the outstanding stock of Company B paying $750,000 cash. Company A assumed...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Company A purchased all the outstanding stock of Company B paying $750,000 cash. Company A assumed all the liabilities of Company B. Book values and fair values of acquired assets and liabilities were: Book Value ($) Fair Value ($) Current Assets (Net) 300.000 308,000 Property, Plant and Equipment (Net) 760,000 820.000 Liabilities 414.000 456.000 Company A would record goodwill of: Company A purchased all the outstanding stock of Company B paying $750,000 cash. Company A assumed all the liabilities of Company B. Book values and fair values of acquired assets and liabilities were: Book Value ($) Fair Value ($) Current Assets (Net) 300.000 308,000 Property, Plant and Equipment (Net) 760,000 820.000 Liabilities 414.000 456.000 Company A would record goodwill of:
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Al-Biruni Inc. borrowed $11 millions at the beginning of 2022 with an annual interest rate of 9%. The EBIT recorded for that year was $1.24 million, and tax percentage for the company was 34%....
-
In providing accounting services to small businesses, you encounter the following situations. 1 2. Vaughn Corporation rings up cash sales and sales taxes separately on its cash register. On April 10,...
-
Pindar Corporation acquired all the outstanding stock of Strauss Company for $ 23,000,000 on January 1, 2012. On the date of acquisition, Strauss had the following balance sheet: All Strauss assets...
-
1. Construct a simple pendulum starting with 20 cm length. 2. Hang the pendulum as pictures in one of the two methods shown above. 3. Using the protractor, displace the pendulum 10 degrees from the...
-
Your bank has just calculated the profitability of two small business customers. In both instances, the bank earned a monthly profit of $ 375 from both Detail Labs and The Right Stuff. Detail Labs...
-
Do predatory-bidding schemes ever benefit consumers? Explain your answer. Why does a plaintiff alleging predatory bidding have to prove that the defendant's "bidding on the buy side caused the cost...
-
The chapter says that a measurement system can affect society in several ways. As an example, consider the use of GMAT scores in the United States. A. Do they shape how people think about the ability...
-
Suppose there are only two people in society. The demand curve for person A for mosquito control is given by qA = 100 P For person B, the demand curve for mosquito control is given by qB = 200 P a....
-
Computer Service and Repair was started five years ago by two college roommates. The company's comparative balance sheets and income statement are presented below, along with additional information...
-
Populate answers for the respective questions with detailed explanation, please remember to answer all the questions. Explain why the transfer prices thus calculated are more likely to be favoured by...
-
An operating system is a collection of software that manages computer hardware resources and provides common services for computer programs. You are required to choose THREE (3) operating system...
-
How similar or unlike are agency performance management and employee performance reviews What is your definition of government privatization? Is this a wise course of action for the state? Which,...
-
20 write a polynomial of lowest degree in with zeros of -3 (multiplicity 2) and 2 F(0)=32. Write answer and with standard Form.
-
Basing on the "Artificial Intelligence for the Real World" article by Thomas H. Davenport, Rajeev Ronanki and published by the Harvard Business Review. Answer the following questions: Discuss the...
-
D. Let y, be the vertical location of a ball, and y, the vertical location of a hand. Write down a equation that means: "The ball is 2 meters above the hand."
-
4. (a) Discuss default risk and illiquidity of forward contracts.(20 marks) (b) You are given the following data: the spot exchange rate is CZK/USD 21; the p.a. simple interest rate on a three-month...
-
Determine the reactions in supports A and D and connections B and C. Sketch its shear and moment diagram and determine the magnitude ankoration of the maximum shear and moment for every member. 18 3...
-
You are required to calculate the overhead variances from the following data. (a) Budgeted for \( 6,000\) variable overhead and 1,000 machine hours. \(\begin{array}{lr}\text { Actual overhead } & ...
-
A You are required to calculate the overhead variances in the following cases: (a) Budgeted for \( 37,000\) fixed overhead. The actual fixed overhead turns out to be \( 36,420\). (b) Budgeted for...
-
You are required to calculate the overhead variances of Joseph Ltd. The budget is prepared as: (a) Total budgeted variable overhead \( 400,000\). (b) Total budgeted fixed overhead \( 160,000\). (c)...
Study smarter with the SolutionInn App