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Consider the purchase of a supplier by Toronto Tire. 1. Suppose the fair value of the net assets at the date of purchase (February 1,

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Consider the purchase of a supplier by Toronto Tire. 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $185.3 million. What would the goodwill cost have been if Toronto Tire had paid $203 million? 2. Explain how Toronto Tire will have been accounting for this goodwill up to February 1, 2022 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $185.3 million. What would the goodwill cost have been if Toronto Tire had paid $203 million? (Round your final answer to one decimal place, X.X.) The goodwill would have been $ 17.7 million 2. Explain how Toronto Tire will have been accounting for this goodwill up to February 1, 2022. Toronto Tire would have reviewed the goodwill value annually. If the goodwill value is still the same, recorded. The asset value of goodwill the amount on February 1, 2020 Consider the purchase of a supplier by Toronto Tire. 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $185.3 million. What would the goodwill cost have been if Toronto Tire had paid $203 million? 2. Explain how Toronto Tire will have been accounting for this goodwill up to February 1, 2022 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $185.3 million. What would the goodwill cost have been if Toronto Tire had paid $203 million? (Round your final answer to one decimal place, X.X.) The goodwill would have been $17.7 million 2. Explain how Toronto Tire will have been accounting for this goodwill up to February 1, 2022. Toronto Tire would have reviewed the goodwill value periodically. If the goodwill value is still the same, recorded. The asset value of goodwill the amount on February 1, 2020 will be greater than will be less than will continue to be the same as Consider the purchase of a supplier by Toronto Tire. 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $185.3 million. What would the goodwill cost have been if Toronto Tire had paid $203 million? 2. Explain how Toronto Tire will have been accounting for this goodwill up to February 1, 2022 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $185.3 million. What would the goodwill cost have been if Toronto Tire had paid $203 million? (Round your final answer to one decimal place, X.X.) The goodwill would have been $17.7 million. 2. Explain how Toronto Tire will have been accounting for this goodwill up to February 1, 2022. Toronto Tire would have reviewed the goodwill value periodically. If the goodwill value is still the same, recorded. The asset value of goodwill the amount on February 1, 2020 amortization or expense will need to be there will have been amortization or expense there will have been no amortization or expenso Consider the purchase of a supplier by Toronto Tire. 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $185.3 million. What would the goodwill cost have been if Toronto Tire had paid $203 million? 2. Explain how Toronto Tire will have been accounting for this goodwill up to February 1, 2022. 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $185.3 million. What would the goodwill cost have been if Toronto Tire had paid $203 Million? (Round your final answer to one decimal place, X.X.) The goodwill would have been $17.7 million 2. Explain how Toronto Tire will have been accounting for this goodwill up to February 1, 2022 Toronto Tire would have reviewed the goodwill value If the goodwill value is still the same recorded. The asset value of goodwill amount on February 1, 2020 annually monthly periodically

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