Question
Marvel's financial statement excerpts as of September 2009: Income Statement Revenues 419 Operating Income 260 Net Income 96 Balance Sheet Film Inventory 217 goodwill (from
Marvel's financial statement excerpts as of September 2009:
Income Statement | |
Revenues | 419 |
Operating Income | 260 |
Net Income | 96 |
Balance Sheet | |
Film Inventory | 217 |
goodwill (from prior aqcuisitions) | 317 |
All other assets | 242 |
Liabilities | 399 |
Shareholder's Equity | 377 |
Disney revalued Marvel's identifiable assets and liabilities to their current market values (in millions) on December 31, 2012:
Cash | 105 |
Receivables and other assets | 137 |
Film Costs | 304 |
Identifiable intabgible assets | 2,870 |
Total Identifiable Assets | 3,416 |
Deferred Income Taxes | 1,033 |
Noncontrolling Interests | 90 |
AccountsPayable and other liabilities | 320 |
Total Liabilities | 1,443 |
The acquisition price totaled $4.2 billion. In accordance with the terms of the acquisition, Marvel shareholder's received $30 per share in cash and .7452 Disney shares for each Marvel share they owned. In total, the company paid $2.4 billion in cash and distributed shares valued at $1.9 billion.
1. Compute the amount of goodwill recorded from its acquisition of marvel.
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