Assume that Bellington paid cash of $2.8 million. No stock is issued. An additional $50,000 is paid
Question:
Required:For Goodwill, determine what balance would be included in a December 1, 2010 consolidation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
Question Posted:
Students also viewed these Managerial Accounting questions
-
When a manager greets department visitors or attends ceremonies, he or she is playing the role of: Figurehead Conceptual Empowerment Productivity
-
Discuss the use of e-commerce to improve spending on manufacturing, repair, and operations (MRO) of goods and services.
-
The Internet is roughly doubling in size every 18 months. Although no one really knows for sure, one estimate put the number of hosts on it at 100 million in 2001. Use these data to compute the...
-
Assume that Bellington paid cash of $2.8 million. No stock is issued. An additional $50,000 is paid in direct combination costs. Required: For Goodwill, determine what balance would be included in a...
-
Calculating Portfolio Betas You own a stock portfolio invested 25 percent in Stock Q, 20 percent in Stock R, 15 percent in Stock 5, and 40 percent in Stock T. The betas for these four stocks are .75,...
-
Monica bought a $ 1 , 8 5 0 4 K Ultra HD TV for 2 0 % down, with the balance to be paid with interest at 1 6 % compounded monthly in six equal monthly payments. Construct the full amortization...
-
Yules Co. acquired Noel Co. in an acquisition transaction. Yules decided to use the partial equity method to account for the investment. The current balance in the investment account is $416,000....
-
Bale Co. acquired Silo Inc. on December 31, 20X1, in an acquisition business combination transaction. Bale's net income for the year was $1,400,000, while Silo had net income of $400,000 earned...
-
=+E3-29 Classified balance sheet Obj 4 / Total assets, $91,000 Redox Co. offers personal weight reduction consulting services to individuals. After all the ac counts have been closed on November 30,...
-
Determine the displacements and forces on each node shown below. The units of force, displacement and spring stiffness are lb, in and lb/in, respectively. k=200 k=400 k=100 k=300 wwwwwwwww u=0.1 F=20
-
D Question 2 33.3 pts What entry modes (discuss in details of your understanding) do hospitality companies use when they expand in the global market place? What are the considerations when they make...
-
1(x) Given the graphs of f(x) and h(x). 6 5 2 1 0 4 3 h(x) 6 5 4 3 2 1 0 0 2 3 x a) Let g(x) = f(x) h(x). What is the value of g'(2)? b) Let p(x) = f(x)/h(x) What is the value of p'(2)? c) Write out...
-
A . ( 1 5 p ) A pharmacy dispensing medicines is staffed by one pharmacist open 1 0 hours a day. On average It takes 1 5 0 seconds to serve a customer, and a customer arrives every 4 minutes....
-
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in...
-
Several planets (Jupiter, Saturn, and Uranus) are encircled by rings, perhaps composed of material that failed to form a satellite. In addition, many galaxies contain ring-like structures. Consider a...
-
Digital Fruit is financed solely by common stock and has outstanding 25 million shares with a market price of $10 a share. It now announces that it intends to issue $160 million of debt and to use...
-
A contractor wishes to set up a special fund by making uniform semiannual end-of-period deposits for 20 years. The fund is to provide $10,000 at the end of each of the last 5 years of the 20-year...
-
What amount will be required to purchase, on a man's 40th birthday, an annuity to provide him with 30 equal semiannual payments of $1000 each, the first to be received on his 50th birthday, if...
-
A man decides to deposit $50 in the bank today and to make 10 additional deposits every 6 months beginning 6 months from now, the first of which will be $50 and increasing $10 per deposit after that....
-
Identify each of the following items as either (a) cash or (b) cash equivalent. (8 marks) 1. Coins 2. Petty cash 3. Three-month certificate of deposit 4. Currency 5. Certified cheque 6. Cashier's...
-
2 1 points Fullerton Waste Management purchased land and a warehouse for $650,000. In addition to the purchase price, Fullerton made the following expenditures related to the acquisition: broker's...
-
On 10th Feb 2020, Mumtaz Car Company received an invoice of RM8,710 for the following items. Item Tire Battery Sport Rim Quantity 12 List Price Per Unit (RM) 370 15 ? 210 140 The transportation cost...
Study smarter with the SolutionInn App