Calculate carrying value of goodwill

Assignment Help Cost Accounting
Reference no: EM133097387

Question - Goodwill: Stiller recorded goodwill in January 2019, related to a purchase of another company. The carrying value of goodwill is $12,000 on December 31, 2020. On December 31, 2020, the segment for which the goodwill relates had a fair value of $232,000. The book value of the net assets of the segment (including goodwill) is $240,000. Calculate Carrying value of goodwill, Dec. 31, 2020, after impairment testing?

Reference no: EM133097387

Questions Cloud

Toronto electric ltd-case study : Toronto Electric Ltd. is an electrical contractor that does work in the residential construction industry. Most of the company's work is contracted to them by n
Information about schools in cana please : Please send a response for each scenario. Don't forget to consider the format (email or WhatsApp) and add as much detail as possible about how you would respond
MKT4148 E-Marketing and Social Media Management Assignment : MKT4148 E-Marketing and Social Media Management Assignment Help and Solution, Middlesex University in London - Assessment Writing Service
Evaluate and explain each principle that was violated : Evaluate and explain each principle that was violated in the agreement between Jack and Sadie. Outline the steps that should have been taken in this case
Calculate carrying value of goodwill : The book value of the net assets of the segment (including goodwill) is $240,000. Calculate Carrying value of goodwill, Dec. 31, 2020, after impairment testing
Calculate the bond current market value : The board of directors are planning to issue bonds in the amount of KD 14,000,000. Calculate the bond current market value
What does a successful internship at a company : What does a successful internship at a company look like to you?
Analysis of the strength of the current case : Provide your analysis of the strength of the current case filed against SATCO, in and FEDEX on A temp worker who died on the job After FEDEX didn't Fix a Know H
What was the gain on the sale of the stock warrants : On December 29, BMC sold all the stock warrants for $41,000. What was the gain on the sale of the stock warrants

Reviews

Write a Review

Cost Accounting Questions & Answers

  Explain adjustments to net income-indirect method

In addition, the income statement showed a gain of $12,000 from the sale of investments. Reconcile a net income of $112,000 to net cash flow from operating activities.

  Differences between the Direct Method and Step Method

Give some of the similarities and differences between the Direct Method, Step Method, and Reciprocal Method. Explained it with your own words

  Demonstrate the budgeted manufacturing overhead rate is

Find the budgeted manufacturing overhead rate for 2006 is? Destiny Products uses a job-costing system with two direct-cost categories

  Two-variance analysis for overhead variances

Alden Company uses a two-variance analysis for overhead variances. Practical capacity is defined as 28 setups and 28,000 machine hours to manufacture

  Find the partial financial productivity of direct labor

Question - Broha Company manufactured 2,350 units of its only product during 2019. In 2018, find the partial financial productivity of direct labor

  Find what is the economic value added

What is its economic value added? The information relates to Black's Mount Ltd. After tax operating income $ 900 000.Total assets $ 6 000 000

  Compute the taxable income from operations

The effective gross income (EGI) was $52,000; operating expenses were $19,000; $2,000 was put into a fund for future replacement of stoves and refrigerators

  Would the proposal create a second class of stock

The agreement also provide that if an audit adjustment is made to items reported on the schedule K-1, Bushong can make a discretionary distribution to handle the increased taxes resulting from the adjustment.

  How many months was the loan taken out

A loan of $4500.00 was repaid together with interest of $1164.00. If interest was 12 .4% compounded quarterly, for how many months was the loan taken out?

  Prepare the journal entry to record payment

Prepare the journal entries to record the transactions listed above on the books of Percy Co. Percy Co. uses a perpetual inventory system.

  What is the harm to the company

Why would the manager do this and what is the harm to the company and what should Ace do, and why?

  Calculate the unadjusted gross profit for the period

ACC2350 COST ACCOUNTING II ASSIGNMENT. Cost of goods manufactured is 400% of cost of direct material used. Calculate the unadjusted gross profit for the period

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd