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LB Logistics Corp. decided to expand further by purchasing the net assets of TRI Storage Corp. TRI's statement of financial position at December 3 1
LB Logistics Corp. decided to expand further by purchasing the net assets of TRI Storage Corp. TRI's statement of financial position at December follows
TRI STORAGE CORP. Statement of Financial Position December Assets Liabilities and Equities Cash.. S Accounts payable. $ Receivables ommon shares... Inventory. Retained earnings. Plant assets net $ PatentsTrademarks $ Total liabilities & Total Assets.. $ Equities.. $
An appraisal, agreed to by both parties, indicated that the fair value of the inventory was $ and the fair value of the plant assets was $ and the fair value of the Patents Trademarks was $ The fair value of the receivables and payables is equal to the amount reported on the balance sheet. The agreed purchase price was $ and this amount was paid in cash to the owners of TRI. Instructionsshowall calculations Calculate the amount of goodwill if any implied in the purchase price of $ Show appropriate titles for all amounts in yourpresentation
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