Question
On 1/1/2020, Choco invested $20,000 on Cookie (VIE) and establish itself as the primary beneficiary. After Chocos investment, Cookie publish following financial information, which assess
- On 1/1/2020, Choco invested $20,000 on Cookie (VIE) and establish itself as the primary beneficiary. After Chocos investment, Cookie publish following financial information, which assess their fair values:
| Cash | $20,000 |
| Machine | 18,000 |
| Equipment | 60,000 |
| Long-term liabilities | 38,000 |
| NCI | 60,000 |
Calculate acquisition date fair value of Cake (VIE)
Calculate fair value of Cakes net identifiable net assets
Determine and specify whether there was gain on bargain purchase or goodwill and how much
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Essentials Of Cost Accounting For Health Care Organizations
Authors: Steven Finkler, Judith Baker, David Ward
3rd Edition
0810235447, 9780763738136
