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please help 1. Companies often enter into joint ventures with other companies for research and development, marketing, and distribution of products. A joint venture is

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1. Companies often enter into joint ventures with other companies for research and development, marketing, and distribution of products. A joint venture is typically formed by two companies that own the joint venture equally. Do these joint ventures need to be consolidated? (Hint: Examine the Scope section of FASB ASC 805-10-15.)

3. Investors sometimes transfer assets to the investee's shareholders other than cash and the investor's stock. How should these transferred assets be accounted for in the acquisition? (Hint: Examine FASB ASC 805-30-30-7 through 30-8.)

5. Assume an investor places considerable value on the workforce of the investee as a result of comparatively low turnover and high morale. Can this workforce be recognized as a separately identifiable intangible asset? (Hint: Examine FASB ASC 805-20-55-6.)

7. Assume a parent acquires a subsidiary that has a five-year agreement to supply goods to a customer. Both the parent and the subsidiary believe that customer will renew the agreement at the end of the current contract. The agreement is not separable. Can the parent recognize an intangible asset related to the agreement? (Hint: Examine FASB ASC 805-20-55.)

9. Assume a parent company acquires a subsidiary that has a portfolio of one-year auto insurance contracts that are cancelable by policyholders. Can the customer relationships be identified as an intangible asset? (Hint: Examine FASB ASC 805-20-55.)

11. Assume the same facts as in question #10, but, now, assume the parent company asks the subsidiary to provide the severance to the CEO during the negotiations. Should the parent company include the employment contract liability in its assignment of fair values in a business combination? (Hint: Examine FASB ASC 805-10-55.)

14. Assume, as part of recording a business combination, you were given the task of assigning fair values to the acquired identifiable net assets. The investee's balance sheet reports cash, accounts receivable, inventories, PPE, accounts payable, accruals, and long-term debt.

a. Describe the approach you would use to value these assets and liabilities.

b. Describe the approach you would use to determine if a portion of the purchase price should be assigned to the Goodwill asset.

c. Describe the approach you would use to value any additional assets acquired.

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