Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

begin{tabular}{|c|c|} hline part it & hline data : & hlineP share on 8 & 25% hline Enderestimated imventory sifference at aquesitice, 7005

image text in transcribed
\begin{tabular}{|c|c|} \hline part it & \\ \hline data : & \\ \hlineP share on 8 & 25% \\ \hline Enderestimated imventory sifference at aquesitice, 7005 sold in year I & 18000 \\ \hline everestimated equipment difference at aquesition, 4 years remaining life & 11000 \\ \hline Enderestimated note payalle difference at aquesition, 2 years to matarity & 2000 \\ \hlineS book value net assets at acoesition & 300000 \\ \hline cost of our shares in S (depend on our percentage) at aquesition & 75900 \\ \hlineS dividends declared and paid in year I to all stockholden & 27000 \\ \hlineS net income in year 1 & 40000 \\ \hline \multicolumn{2}{|l|}{ nete : if goodwill exist ho impairment in your I } \\ \hline answer the following questions t & \\ \hline \multicolumn{2}{|c|}{H} \\ \hline \multicolumn{2}{|l|}{ 1-what is the fair value net assets of S at aquesition } \\ \hline \multicolumn{2}{|l|}{ 2-what is the ameust of geedwill if caist } \\ \hline \multicolumn{2}{|l|}{ 3-what is the gain on barzain amount if exist } \\ \hline \multicolumn{2}{|l|}{ 4-what is the ad justed net income of 8 for year 1} \\ \hline \multicolumn{2}{|l|}{ S-what is the balanee of investment in 8 account end of year 1} \\ \hline 6 what is the ameunt of unamertiaed differences end of year 1 & \\ \hline \end{tabular}

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

Analysing The Value Proposition Of The Audit Process In Africa The Case Of Malawi

Authors: Daniel Dunga

1st Edition

3659166286, 978-3659166280

More Books

Students also viewed these Accounting questions

Question

4. What are the major components of a formal proposal?

Answered: 1 week ago