Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Quo 10 Not yet awered A company issues new stock with a fair value of $120.000 to acquire 35 of the stock of another company.

image text in transcribed
Quo 10 Not yet awered A company issues new stock with a fair value of $120.000 to acquire 35 of the stock of another company. The fair value of the no controlling interest at the date of acquittonis $19.000. and the book value of the acquired company is $15.000. The subsidiary's net assets are reported at amounts approximati v e at the date of acquisition except that its plant assets are overvalued by 325 000.it reported license agreements are undervalued by $30,000, and it has previously unreported identifiable intangible assets with a fair value of $50.000 What is the total reported goodwill on this acquisition following U.S. GAAP? Select one: A. 5119.000 $107.000 O C. 569.000 ODS 000

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

Auditing Sustainable Development Goals Key Principles And Tools For Supply Chain

Authors: Barden Gonzalez

1st Edition

B0BZFDM86C, 979-8388651501

More Books

Students also viewed these Accounting questions

Question

PLEASE COMPLETE EVERYTHING. NO HALF ANSWERS PLEASE. THANK YOU

Answered: 1 week ago