How is the amount reported as goodwill determined under the acquisition method?
Question:
How is the amount reported as goodwill determined under the acquisition method?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Goodwill is an intangible asset that arises when a business is acquired by another entity and the pr...View the full answer
Answered By
Jissamary Abraham
ONCE I WAS A STUDENT, I CAN UNDERSTAND WHAT A STUDENT NEEDS AND WHAT HAS TO BE COMPOSED , HOW TO BE PRESENTED TO STAY THE CONCEPTS IN THEIR MIND . FOR COMPETITIVE EXAMS, MY APPROACH IS FOR SHORTCUTS BASED ON CONCEPTS NOT ON ANY FORMULAS . AT TIMES ,FORMULAS MAY BECOME DANGER ZONE IN THE PRESSURE OF EXAM UNLESS STUDENT RECALLS IT PROPERLY.I STRONGLY BELIEVE FLUSHING OUT THE MERE CONCEPTS IS NOT THE ONLY FACTOR TO CRACK THE EXAM OR CONCEPT . I SINCERELY ACCEPT A TEACHER ROLE TO KEEP THE STUDENT MOTIVATED. BEFORE MAKING PROFESSIONAL EXPERIENCE , I USED TO TEACH MY CLASSMATES DURING SCHOOL AND COLLEGE DAYS . I AM CONFIDENT MYSELF THAT I WILL MAKE EACH AND EVERY STUDENT TO MAKE THEIR DREAM TRUE BY GIVING IT AT ALL COST
0.00
0 Reviews
10+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 9781265042615
13th International Edition
Authors: Theodore E. Christensen, David M. Cottrell, Cassy Budd
Question Posted:
Students also viewed these Business questions
-
China Petroleum and Chemical Corporation China Petroleum and Chemical Corporation (CPCC) is one of a growing number of Chinese companies that has cross-listed its stock on foreign stock exchanges. To...
-
Multiple Choice Questions 1. Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2012. On that date, Paars equipment (10-year remaining life) has a book value of $420,000 but a fair...
-
Hamilton Companys balance sheet on January 1, 2019, was as follows: Hamilton Company Balance Sheet January 1, 2019 1 Cash $30,000.00 Accounts payable $20,000.00 2 Accounts receivable 80,000.00 Bonds...
-
Compute the least-squares regression line for predicting power (y) from wind speed (x).
-
If the speed of a car is increased by 50% by what factor will its minimum braking distance be increased, assuming all else is the same? Ignore the drivers reaction time.
-
Which SDG do you most resonate with personally, and why?
-
The technique of standard costing may not be applicable in the case of (a) Large concerns (b) Small concerns (c) Transport (d) Education
-
On May 21, 1927, Charles Lindbergh landed at Le Bourget Field in Paris, completing his famous transatlantic solo flight. The preparation period prior to his flight was quite hectic and time was...
-
Grant Industries, a manufacturer of electronic parts, has recently received an invitation to bid on a special order for 22,500 units of one of its most popular products. Grant currently manufactures...
-
Which of the following actions is likely to result in recording goodwill on Poker Companys books? a. Poker acquires Spades Corporation in a business combination recorded as a merger. b. Poker...
-
From the following statements which give the cumulative effects of individual transactions, you are required to state as fully as possible what transaction has taken place in each case. There is no...
-
Indicate which words are common nouns and which are proper nouns. Which aluminum bolts are packaged?
-
3. Given the continuous beam shown below, which span or spans should be loaded with a uniform distributed load to produce a maximum moment at support B? (5 points) SPAN 1 SPAN 2 SPAN 3 A B D 20 ft...
-
Complete the following writing assignment: Analyze the attached 10_pages. Write_about them, summarize what you read, and connect it to personal experiences. CHAPTER 8 Anxiety Disorders DAVID P....
-
As a manager of an airline company you want to learn the average weight of luggages checked in on a flight. From a sample of 1 6 luggages, you find the average to be 2 6 kg and the standard deviation...
-
What is the Manufacturing Cycle Efficiency? 11. Use High-Low to find the fixed and variable costs. Machine Month Costs Hours 12345678 $1,730,890 15,820 $1,753,860 13,980 $1,562,890 11,550 4...
-
Jimmy Padilla purchased a gravel pit in the current year for $944,232 and estimates that there will be a residual value in the land of $36,404 once resource extraction is complete. He estimates that...
-
How does gross primary productivity differ from net primary productivity?
-
Marc Company assembles products from a group of interconnecting parts. The company produces some of the parts and buys some from outside vendors. The vendor for Part X has just increased its price by...
-
The trial balance data presented in Problem P6-34 can be converted to reflect use of the cost method by inserting the following amounts in place of those presented for Randall Corporation: Investment...
-
The trial balance data presented in Problem P6-34 can be converted to reflect use of the cost method by inserting the following amounts in place of those presented for Randall Corporation: Investment...
-
The trial balance data presented in Problem P6-34 can be converted to reflect use of the cost method by inserting the following amounts in place of those presented for Randall Corporation: Investment...
-
Show that the convexity for a zero coupon bond with m payments per year is (m) n(n + -)(1+ m m
-
Abdul Canarte , a Central Bank economist, noticed that the total group purchasing basket of goods (CPI) has gone from $149,740.00 to $344,460.00 in 8 years. With monthly compounding, what is the...
-
ABC Corporation expects sales next year to be $50,000,000. Inventory and accounts receivable (combined) will increase $8,000,000 to accommodate this sales level. The company has a profit margin of 6...
Study smarter with the SolutionInn App