Came Corp aged 100% of the common stock of toonts Technologies inc. The purchase price for Koontz was $21.950 ml and was located an in million) Cash and marketable securities Trade receivables Intangible assets Other assets in-process research and development (PR&D) Accounts payable and other liabilities Restructuring Deferred tax liabilities, net Deferred revenues Net assets acquired Goodwill on acquisition Total consideration $1.841 3.016 7,996 2,785 175 (804) (559) (1.334) (528) 16,510 6,440 $22,950 Question no 5 a What method of accounting did Camire use to account for this acquisition? b. what amount will be recorded in the investment account of Camire's balance sheet for the Koontz Technologies acquisition Are the intangible assets purchased in the Koontz Technologies acquisition, reported on Camire's consolidated balance sheet at book value or at fair value on the date of the acquisition? Explain How will the intangible assets account balance change on the consolidated balance sheet in subsequent years? e. How will the recognition of goodwill affect Camire's consolidated balance sheet? How will this asset change in subsequent years? BIVA ALEX - 1 1 12pt Paragraph Question no. 5 Information Camire Corp acquired 100% of the common stock of Koontz Technologies, Inc. The purchase price for Koontz was $22.950 million and was allocated as follows (in millions) Cash and marketable securities Trade receivables Intangible assets Other assets in-process research and development (PR&D) Accounts payable and other liabilities Restructuring Deferred tax liabilities, net Deferred revenues Net assets acquired Goodwill on acquisition Total consideration $5,841 3,016 7,998 2.785 175 (884) (559) (1,334) (528) 16,510 6,440 $22,950 Question 6 10 pts Question no. 5: a. What method of accounting did Camire use to account for this acquisition? b. What amount(s) will be recorded in the investment account of Camire's balance sheet for the Koontz Technologies acquisition? c. Are the intangible assets purchased in the Koontz Technologies acquisition, reported on Camire's consolidated balance sheet at book value or at fair value on the date of the acquisition? Explain. d. How will the intangible assets account balance change on the consolidated balance sheet in subsequent years? e. How will the recognition of goodwill affect Camire's consolidated balance sheet? How will this asset change in subsequent years? Question no. 5 Information: Camire Corp. acquired 100% of the common stock of Koontz Technologies, Inc. The purchase price for Koontz was $22,950 million and was allocated as follows: (in millions) Cash and marketable securities Trade receivables Intangible assets Other assets In-process research and development (IPR&D) Accounts payable and other liabilities Restructuring Deferred tax liabilities, net Deferred revenues Net assets acquired Goodwill on acquisition Total consideration $5,841 3,016 7,998 2,785 175 (884) (559) (1,334) (528) 16,510 6,440 $22,950 D Question 6 Total consideration 10 pts Question no. 5: a. What method of accounting did Camire use to account for this acquisition? b. What amount(s) will be recorded in the investment account of Camire's balance sheet for the Koontz Technologies acquisition? c. Are the intangible assets purchased in the Koontz Technologies acquisition, reported on Camire's consolidated balance sheet at book value or at fair value on the date of the acquisition? Explain. d. How will the intangible assets account balance change on the consolidated balance sheet in subsequent years? e. How will the recognition of goodwill affect Camire's consolidated balance sheet? How will this asset change in subsequent years