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RESEARCH CASE-ANALOG DEVICES'S ACQUISITION OF MAXIM INTEGRATED PRODUCTS CPA skills On August 26, 2021, Analog Devices, Inc. (Analog), announced it had acquired all of the
RESEARCH CASE-ANALOG DEVICES'S ACQUISITION OF MAXIM INTEGRATED PRODUCTS CPA skills On August 26, 2021, Analog Devices, Inc. (Analog), announced it had acquired all of the outstanding stock of Maxim Integrated Products, Inc. (Maxim), in exchange for $29.9 billion primarily in stock to the stockholders of Maxim. Referring to Analog's 2021 financial statements and any media coverage, answer the following questions regarding the Maxim acquisition: 1. Why did Analog acquire Maxim? 2. What was the composition of the consideration transferred in the combination? 3. Analog included precombination service compensation (for acquisition-related equity awards) in the total consideration transferred. What support is provided for this treatment in the Accounting Stan- dards Codification (see ASC 805-30-30, paragraphs 9-13)? 4. What allocations did Analog make to the assets acquired and liabilities assumed in the acquisition? Provide a calculation showing how Analog determined the amount allocated to goodwill. 5. How will Analog account for the intangible assets acquired in the Maxim combination?
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