FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value to obtain all of Vicker's outstanding

Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value to obtain all of Vicker's outstanding stock. In this transaction (which is not a pooling of interests), how much goodwill should be recognized? A. $144,000 B. $104,000 C. $64,000 D. $60,000 E. $0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting

Financial and Managerial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

3rd edition

978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132

More Books

Students also viewed these Accounting questions

Question

★★★★★
How does the ideal efficiency of an automobile relate to the temperature of the engine and the temperature of the environment in which it operates? Be specific.

Answered: 1 week ago

Question

★★★★★
A particle moves along the following graph so that at each step it is equally likely to move to any of its neighbors 2 (n-1) Starting at 0 show that the expected number of steps it takes to reach n...

Answered: 1 week ago

Question

★★★★★
2. Distinguish the methods of risk assessment for different types of offenders

Answered: 1 week ago

Question

★★★★★
Fenya Industries produces two surge protectors: K2761 with six outlets and D3354 with eight outlets and two telephone line connections. Because of these product differences, the company plans to use...

Answered: 1 week ago

Question

★★★★★
Which of the following scheduling algorithms is most difficult to implement for CPU scheduler of an OS ?

Answered: 1 week ago

Question

★★★★★
Calculate the present value of a loan that could be cleared by payments of $3,450 at the end of every 6 months for 6 years if money earns 5.10% compounded semi-annually. Round to the nearest cent

Answered: 1 week ago

Question

★★★★★
The performance of 20 students on their final test on statistics in 1992 and for the second class of 20 students in 2017 is shown in the columns below. Class of 1992 Class of 2017 80 100 91 99 91 94...

Answered: 1 week ago

Question

★★★★★
A project manager assigns tasks to a team that is not prepared or skilled in the languages required to implement the solution. The team is not able to complete the deliverables adequately. What type...

Answered: 1 week ago

Question

★★★★★
2.) Suppose that X~ NB(4, 0.3), and Y = (X-3) 1/2. Determine the PMF of Y, (y). 3.) Suppose that X~ Exp(1/4) and Y = x - 2. Determine the PDF of Y, fy(y).

Answered: 1 week ago

Question

★★★★★
Let's consider that we have trained a word2vec model from scratch with a vocabulary size of 20,000, having 500 neurons in the hidden layer. What will be the size of the word embedding of each word?...

Answered: 1 week ago

Question

★★★★★
From the following Information for the month ending October, 2013, prepare Process Cost accounts for Process III. Use First-in-fist-out (FIFO) method to value equivalent production. Direct materials...

Answered: 1 week ago

Question

★★★★★
(3) Km = 3.01 kg mass starts from rest and slides a distance d down a frictionless 9 = 28.5 deg incline. While sliding, it comes into contact with an unstressed spring of negligible mass, as shown in...

Answered: 1 week ago

Question

★★★★★
17. In a communication context (choose which one), put plus (+) for the areas you find easy to perform and minus (-) for the areas you find difficult to perform. a. to present something to a larger...

Answered: 1 week ago

Question

★★★★★
2. Develop a good and lasting relationship

Answered: 1 week ago

Question

★★★★★
1. Avoid conflicts in the relationship

Answered: 1 week ago

Previous Question Next Question