User Account

All Pages

Compute the amount of goodwill that would be allocated

Assignment Help Accounting Basics
Reference no: EM132694626

Allocation of Goodwill 

On January 1, 2021, Cat Inc. acquired 65% of Clue Corp. for $4,000,000. The fair value of Clue's noncontrolling interest at acquisition-date was $1,500,000. The fair value of Clue's identifiable net assets was $3,600,000.

Required:

Problem a) Compute the amount of Goodwill that should be recognized in this business combination.

Problem b) Compute the amount of Goodwill that would be allocated to the controlling interest and the amount that would be allocated to the noncontrolling interest.

Reference no: EM132694626

Questions Cloud

Discuss the role of finance in business : Discuss the role of finance in business. What is the purpose of financial management?
Moral and ethical framework appraisal : Find an ethical problem or issue in a profession in which you are interested or that you expect to enter yourself.
Which conditions where the internal audit activity provide : According to the Standards, which of the following are conditions where the internal audit activity may provide risk management consulting?
Identify six supporting peer-revised research articles : For this assignment, you will create a clinical guiding question know as a PICOT question. The PICOT question must be relevant to a nursing practice problem.
Compute the amount of goodwill that would be allocated : Compute the amount of Goodwill that would be allocated to the controlling interest and the amount that would be allocated to the non controlling interest.
What is the key message for resilience analysis : What is the key message that we can learn from the article "Resilience Analysis of Soft Infrastructure Systems" by Mayada Omera , Ali Mostasharib
Describe the significance of the topic for nursing practice : In collaboration with the approved course preceptor, students will identify a specific evidence-based topic for the capstone project change proposal.
What the amount of outstanding checks at august is : What the amount of outstanding checks at August 31 is? Total book debits for the month of August, P2,300,000. Outstanding checks at July 31, P280,000
Personal development as well as team development : Your text focuses a great deal on personal development as well as team development. How do the two concepts differ?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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