Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Computation of goodwill In April 2020, United Technologies Corporation (UTC) acquired 100 percent of the common stock of Raytheon Company by paying $33,166 million
Computation of goodwill In April 2020, United Technologies Corporation (UTC) acquired 100 percent of the common stock of Raytheon Company by paying $33,166 million in total consideration. Immediately after the acquisition, UTC changed its name to Raytheon Technologies Company. According to its June 30, 2020 SEC Form 10-Q, on the acquisition date, the total fair value assigned to tangible and intangible assets acquired (excluding goodwill) was $38,845 million, while the total fair value assigned to liabilities assumed was $26,548 million. What is the value of goodwill recognized in Raytheon Technologies Company's consolidated financial statements as a result of this acquisition? Check
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started