Calculate the amount fresh cut paid for goodwill

Assignment Help Managerial Accounting
Reference no: EM13523271

Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $12,600,000 in cash. The book value of Premium Meats' net assets (assets minus liabilities) was $7,958,000. The book values and fair values of Premium Meats' assets and liabilities were:

Book Value Fair Value

Receivables $ 1,400,000 $ 1,300,000

Property, plant, and equipment 8,000,000 9,400,000

Intangible assets 208,000 1,200,000

Liabilities (1,650,000) (2,000,000)

Net assets $ 7,958,000 $ 9,900,000

Calculate the amount Fresh Cut paid for goodwill?

Reference no: EM13523271

Questions Cloud

What is its velocity just before it hits the ground : At that point its engines fail, and the rocket goes into free fall, with an acceleration of ?9.80 m/s2. What is its velocity just before it hits the ground
An object through a rectangular : An object through a rectangular
Complete statement of cash inflows and cash outflows : Prepare and complete statement of cash inflows and cash outflows from operating activities according to the indirect method.
What is a moral precept : What is a moral precept? Can you give us an example of a moral precept that means a lot to you, in your own life? It can be a moral precept that's well-formulated and well-known (sometimes there are little expressions, or little "golden rules" tha..
Calculate the amount fresh cut paid for goodwill : Calculate the amount Fresh Cut paid for goodwill - Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $12,600,000 in cash.
Calculate the magnitude of the net electric field : Four charges have the same magnitude of 2.4 X 10^-12 C and are fixed to the corners of a square that jus 4.0 cm on a side. Determine the magnitude of the net electric field
There is moral equality of all human beings : There is moral equality of all human beings. It is important to consider how we will view and act toward those "abnormals," some of whom will always exist
Calculate the production cost per unit - fresh air products : Calculate the production cost per unit and prepare an income statement for the month of June, 2011.
Explain what are the values of kb and pkb : A 1.05×10-3 solution of quinine, a drug used in treating malaria, has a of 9.75. What are the values of Kb and pKb

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Principle motives for holding cash-near cash assets

Briefly identify and explain the principle motives for holding cash and near cash assets. What are the risk-return trade-off associated with inventory management?

  What is the posterior probability of success

What is the posterior probability of success given a favourable survey result and what is the maximum the firm should be willing to pay for the market survey?

  Prepare an entry to allocate the overapplied overhead

Prepare an entry to allocate the under- or overapplied overhead. Overhead applied in each of the inventory accounts is as follows

  Compute the cost per cost driver

Compute the cost per cost driver for each of the three cost centers and use the results from part 1 to allocate costs from each of the three cost centers to both financial planning and tax preparation.

  Following is the adjusted trial balance of post company

following is the adjusted trial balance of post company. based on this information prepare a balance sheet income

  Importance of function-cost-consequences

Establishing an internal audit function/department is not a legal requirement. Consequently, it is an optional function.

  Unit product cost for the month under absorption costing

What is the unit product cost for the month under absorption costing and prepare a contribution format income statement for the month using variable costing.

  Calculate the companys current income

Calculate the companys current income and determine the level of dollar sales needed to double that figure, assuming that manufacturing operations remain in the United States and determine the break-even point in speaker sets if operations are shif..

  Five star tools is a small family-owned firm that

five star tools is a small family-owned firm that manufactures diamond-coated cutting tools chisels and saws used by

  Determine the indirect labor support costs

Determine the indirect labor support costs for each engine using time-driven activity-based costing and determine the per cent of unused indirect labour compared to available indirect labour hours. Draw conclusions from this analysis.

  A consulting firm produces a service that requires the use

a consulting firm produces a service that requires the use of labor and materials. each unit of service requires a

  Backgroundnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp

backgroundnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp performance drinks llc is owned by dave n. port.nbsp performance

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