In fiscal 2010, Dell Inc. acquired Perot Systems for $3,878 million in cash Perot's net assets acquired

Question:

In fiscal 2010, Dell Inc. acquired Perot Systems for $3,878 million in cash Perot's net assets acquired had the following fair values at the acquisition date:
In fiscal 2010, Dell Inc. acquired Perot Systems for $3,878

Identifiable intangible assests are
Estimated cost in millions
Customer relationships$1,081
Technology44
Non-compete agreements39
Trade-names10
Total amortizable intangible assets$1,174
Dell incurred $93 million in cash compensation payments to former Perot Systems employees, related to previous compensation agreements with Perot. Dell spent another $23 million for bankers' fees, consulting fees, and integration costs.
Required
Prepare Dell's journal entry to record its acquisition of Perot Systems.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Advanced Accounting

ISBN: 978-1934319307

2nd edition

Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III

Question Posted: