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33) Savannah Company is buying Tommy Company The following information is available for Tommy Company on the day of t Accounts Receivable 290,000 Inventory 200,000
33) Savannah Company is buying Tommy Company The following information is available for Tommy Company on the day of t Accounts Receivable 290,000 Inventory 200,000 Land 400,000 Savannah Company estimates that, the Accounts Receivable are worth $275,000, the inventory is worth $175 The Note Payable debt is payable interest only at 10% per year for the ne The current interest rate for similar debt is 10% Everything else is worth it Savannah will pay $1,000,000 for Tommy Company. How much of the purchase price will Savannah debit to goodwill? A. $200,000.00 B. $ 190,052.59 C. $ 151,730.12 D. $210,692.05 E Some other number which is not here Your Answer 34) Still on Savannah, everything is the same except the current interest ra Tommy's is 8%. How much of the purchase price will Savannah debitt A $ 200,000.00 B. $ 194,154.19 C. $ 151,730.12 D. $ 205,154.19 E. Some other number which is not here Your
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