12 S lidl Question Help The following information is available 1 year after the acquisition of the subsidiary company fie, the Wagner Company pays $1,500,000 to acquire 100% of the common stock of Fener incorporated it. assumes that Fener's plant assets (such as the factory building and land) are undervalued by $42.000 The historical cost of the net assets acquired, excluding goodwil, is equal to $1,503.000 Fleiner will be held as a division of Wagner (Cick the icon to view the balance shoot.) Wagner estimated the fair (appraisal) value of the division's net assets (excluding goodwil) 1 year after the date of acquisition at 51.00 Read the requirements Requirementa. Compute good recorded on the date of acquisition 0 Requirements a. Compute goodwill recorded on the date of acquisition b. Determine whether goodwill impaired assuming that the far value of the Fleiner Division with goodwil 1 year after acquisition is equal to $2.002.000 Provide the impairment journal entry needed c. Determine whether goodwil isimpaired assuming that the fair value of the einer Division with goodwil 1 year after acquisition is equal to $1.616,000 Prepare the impairment journal entry, if needed Goode Choose from any list of enter any number in the input folds and then click Check after the acquisition of the subsidiary como X Score: 0 of 1 pt E12-5 (similar to) Wagner Company pays $1,590,000 to acquire 100% of the com assumes that Fleiner's plant assets (such as the factory building The historical cost of the net assets acquired, excluding goodwill held as a division of Wagner - 0 Data Table of the division's net assets (excluding good Credit Description Debit 207.000 301,000 1,478.900 45,000 Requirement a. Compute goodwill recorded on the date of acqu Amount Account Cash Inventory Property, plant, and equipment, net Goodwill Current liabilities Common stock - no par Retained earnings 400,800 341,100 1.290,000 2,031.900 $ 2,031.900 $ Totals Save Homework: HW 8 - Ch 12 Score: 0 of 1 pt E12-5 (similar to) HW Score: 0%, 0 of 4 pts Question Help Wagner Company pays $1,500,000 to quite 100% of the common assumes that Fleiner's plantasets (such as the factory building and The historical cost of the not assets acquired, excluding goodwil, s held as a division of Wagner W ed by $42.000 u o , Fleiner will be The following information is avalat 1 year after the acquisition of the subsidiary company the reporting unt Click the icon to view the balance sheet) Wagner estimated the fair pri value of the division's not assets (excluding goodwil) 1 year after the dala o acquisition at $1.000.000 Requirement a Compute goodwill recorded on the da Goodwil lework: HWV 8 - Ch 12 7 of 1 pt (similar to) 3 of 4 (0 complete) HWE Company pays $1,590,000 to acquire 100% of the common stock of Fleiner Incorporated. It sulhat. Elniner's plantassatsleuch as the facton building and landl.ac.undeulued by $420 0 Data Table i Requirements - X Credit og $ a. Compute goodwill recorded on the date of acquisition b. Determine whether goodwill is impaired assuming that the fair value of the Fleiner Division with goodwill 1 year after acquisition is equal to $2,002,000 Provide the impairment journal entry, if needed Determine whether goodwill is impaired assuming that the fair value of the Fleiner Division with goodwill 1 year after acquisition is equal to $1,616,000 Prepare the impairment journal entry, if needed. Description Cash Inventory Property, plant, and equipment, net Goodwill Current liabilities Common stock - no par Retained earnings Debit 207.000 301,000 1478,000 45,000 $ 400,800 341,100 1,290,000 2,031,900 $ 2,031,900 $ Print Done Totals Print Done rom any list or enter any number in the input fields and then click Check Answer. 12 S lidl Question Help The following information is available 1 year after the acquisition of the subsidiary company fie, the Wagner Company pays $1,500,000 to acquire 100% of the common stock of Fener incorporated it. assumes that Fener's plant assets (such as the factory building and land) are undervalued by $42.000 The historical cost of the net assets acquired, excluding goodwil, is equal to $1,503.000 Fleiner will be held as a division of Wagner (Cick the icon to view the balance shoot.) Wagner estimated the fair (appraisal) value of the division's net assets (excluding goodwil) 1 year after the date of acquisition at 51.00 Read the requirements Requirementa. Compute good recorded on the date of acquisition 0 Requirements a. Compute goodwill recorded on the date of acquisition b. Determine whether goodwill impaired assuming that the far value of the Fleiner Division with goodwil 1 year after acquisition is equal to $2.002.000 Provide the impairment journal entry needed c. Determine whether goodwil isimpaired assuming that the fair value of the einer Division with goodwil 1 year after acquisition is equal to $1.616,000 Prepare the impairment journal entry, if needed Goode Choose from any list of enter any number in the input folds and then click Check after the acquisition of the subsidiary como X Score: 0 of 1 pt E12-5 (similar to) Wagner Company pays $1,590,000 to acquire 100% of the com assumes that Fleiner's plant assets (such as the factory building The historical cost of the net assets acquired, excluding goodwill held as a division of Wagner - 0 Data Table of the division's net assets (excluding good Credit Description Debit 207.000 301,000 1,478.900 45,000 Requirement a. Compute goodwill recorded on the date of acqu Amount Account Cash Inventory Property, plant, and equipment, net Goodwill Current liabilities Common stock - no par Retained earnings 400,800 341,100 1.290,000 2,031.900 $ 2,031.900 $ Totals Save Homework: HW 8 - Ch 12 Score: 0 of 1 pt E12-5 (similar to) HW Score: 0%, 0 of 4 pts Question Help Wagner Company pays $1,500,000 to quite 100% of the common assumes that Fleiner's plantasets (such as the factory building and The historical cost of the not assets acquired, excluding goodwil, s held as a division of Wagner W ed by $42.000 u o , Fleiner will be The following information is avalat 1 year after the acquisition of the subsidiary company the reporting unt Click the icon to view the balance sheet) Wagner estimated the fair pri value of the division's not assets (excluding goodwil) 1 year after the dala o acquisition at $1.000.000 Requirement a Compute goodwill recorded on the da Goodwil lework: HWV 8 - Ch 12 7 of 1 pt (similar to) 3 of 4 (0 complete) HWE Company pays $1,590,000 to acquire 100% of the common stock of Fleiner Incorporated. It sulhat. Elniner's plantassatsleuch as the facton building and landl.ac.undeulued by $420 0 Data Table i Requirements - X Credit og $ a. Compute goodwill recorded on the date of acquisition b. Determine whether goodwill is impaired assuming that the fair value of the Fleiner Division with goodwill 1 year after acquisition is equal to $2,002,000 Provide the impairment journal entry, if needed Determine whether goodwill is impaired assuming that the fair value of the Fleiner Division with goodwill 1 year after acquisition is equal to $1,616,000 Prepare the impairment journal entry, if needed. Description Cash Inventory Property, plant, and equipment, net Goodwill Current liabilities Common stock - no par Retained earnings Debit 207.000 301,000 1478,000 45,000 $ 400,800 341,100 1,290,000 2,031,900 $ 2,031,900 $ Print Done Totals Print Done rom any list or enter any number in the input fields and then click Check