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accounting caculate amount fresh cut should report for goodwill Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $11.300.000 in cash
accounting caculate amount fresh cut should report for goodwill
Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $11.300.000 in cash The book values and fair values of Premium Meats assets and liabilities were Accounts Receivable Equipos Patents Notes Payable et assets took Value $ 1,450,000 3,150,000 230,000 (2.000.000 52.830.000 Fair Value $ 1,250.000 9,550,00 2,350.000 (2.000,00 $10.50 Required: 1. calculate the amount Fresh Cur should report for goodwill (Enter your answer in millions rounded to 2 decimal places (.e.. $5,500,000 should be entered as 5.50).) Goodwil million 2. Record Fresh Cuts acquisition of Premium Meats. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e, 5,550,000 should be entered as 5.55)) View transaction list Journal entry worksheet Record the acquisition of Premium Meats. Note: Enter debits before cred General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Step by Step Solution
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