FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 12 Not yet answered Marked out of 1.00 Flag question On 1/1/2020 Company A acquired the net assets of Company B for a price

image text in transcribed
Question 12 Not yet answered Marked out of 1.00 Flag question On 1/1/2020 Company A acquired the net assets of Company B for a price of 180000 JD, the fair value of net assets of company B is 159000 JD. Company A also agreed to pay an additional 3000 JD if net income is higher than 70000 JD in year 1. On 1/1/2021 the fair value of unit is 197000 JD carrying value of net assets (excluding goodwill) 176000 JD fair value of net assets 177000 JD. Compute impairment loss

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting And Reporting

Financial Accounting And Reporting

Authors: Barry Elliott, Jamie Elliott

20th Edition

1292399805, 978-1292399805

More Books

Students also viewed these Accounting questions

Question

★★★★★
List at least three ways in which a futures contract differs from a forward contract.

Answered: 1 week ago

Question

★★★★★
5.3. Find the optimum first-order linear predictor having the form x[n +1] = w[0]x[n]+ w[1]x[n 1] , for a first-order AR process x[n] that has an autocorrelation sequence defined by rs k ( ) = k .

Answered: 1 week ago

Question

★★★★★
If you say, I am Catholic, which part of your identity are you revealing?

Answered: 1 week ago

Question

★★★★★
Which security has a higher effective annual interest rate? a. A 3-month T-bill selling at $97,645 with par value $100,000. b. A coupon bond selling at par and paying a 10% coupon semiannually.

Answered: 1 week ago

Question

★★★★★
The Delmar Beverage Co. produces a premium root beer that is sold throughout its chain of restaurants in the Midwest. The company is currently producing 1,860 gallons of root beer per day, which...

Answered: 1 week ago

Question

★★★★★
12% of individuals insured by All-Driver Automobile Insurance Company have received at least one traffic ticket. (See exercise 53 on page 343 of your textbook for a similar problem.) For a sample of...

Answered: 1 week ago

Question

★★★★★
Figure P27.18 shows three particles passing near the north end of a bar magnet. Particle 1 is an electron, and particles 2 and 3 are protons. All three particles move at the same speed. (a) Determine...

Answered: 1 week ago

Question

★★★★★
The Placebo Drug Company holds a patent on one of its discoveries. a. Assuming that the production of the drug involves rising marginal cost, draw a diagram to illustrate Placebos profitmaximizing...

Answered: 1 week ago

Question

★★★★★
What is the use of bootstrap program?

Answered: 1 week ago

Question

★★★★★
What is a process and process table?

Answered: 1 week ago

Question

★★★★★
What is Industrial Economics and Theory of Firm?

Answered: 1 week ago

Question

★★★★★
3. The authors of Random Acts of Kindness tell us that the little things we do for others can have big payoffs. These acts give us an outward focus that helps us move away from selfpreoccupation....

Answered: 1 week ago

Question

★★★★★
b. Commission on sales. All employees would be given a 5 percent commission on all sales. Each salesperson would receive an hourly wage plus the commission.

Answered: 1 week ago

Question

★★★★★
Define human resource management.

Answered: 1 week ago

Previous Question Next Question