Compute the fair value of identifiable net assets acquired

Assignment Help Accounting Basics
Reference no: EM133030080

Question - Ting Limited paid $220 000 for 70% of Ping Limited. At the date of acquisition Ping Limited had share capital of $200 000 and retained earnings of $100 000 and all of Ping Limited's assets and liabilities were recorded at fair value. Compute the fair value of identifiable net assets acquired by Ting Limited?

Reference no: EM133030080

Questions Cloud

How much was the profit or net loss for the year : Total dividends of P 1,220,000 were declared on the Preference share and Ordinary share during the year. How much was the profit or net loss for the year
Determining an appropriate bargaining unit : Which of the following is not a characteristic of a community of interest as related to determining an appropriate bargaining unit?
Small startup of business - home care robotics : Prepare an outline which will help you to determine what types of data and information you need to demonstrate the attractiveness of your chosen opportunity
How would you have tested a new web-based system : Based on what you know about e-commerce, how would you have tested a new Web-based system
Compute the fair value of identifiable net assets acquired : At the date of acquisition Ping Limited had share capital of $200 000 and retained earnings of $100 000. Compute the fair value of identifiable net assets
What is the most the firm can spend to lease : If the variable cost of production is $5.00 per unit, what is the most the firm can spend to lease the new equipment without losing money
Discuss the negative consequences to the company : Discuss the negative consequences to the company's new production control system as well as to its business if this situation prolongs in the company
Identify potential opportunities : Analyze and interpret the results. Persuasively summarize your results - Recent media articles on trends are often a good place to start
How transformational leadership and servant leadership : How transformational leadership and servant leadership connect to diverse worldviews?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What a qualifying taxpayer should

What a qualifying taxpayer should? A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves

  Create a fictitious company a brief description

Accounting Information Systems Assignment- Create a fictitious company A brief description about the company, including industry information and products.

  What form of ownership is

What form of ownership is this? Thabang is a young up-and-coming entrepreneur from Thohoyandou. Thabang used all the money she saved while working

  Given that april has 2800 of 100 par 8 cumulative

april corporation in its first 3 years of operation paid out the following dividends year 1 0 year 2 27000 year 3

  Calculate the net present value for each product

His annual pay raises are determined by his division's return on investment (ROI), Calculate the net present value for each product

  What measurement problems are illustrated

What if you were a manager of a company? What measurement problems are illustrated by this question?

  Concerned with the personal development of others

Shirley works in the human resource department at Turtle Shells, Inc. She believes she is seeing an increase in drinking problems among the workforce. She thinks she needs to investigate further. She is at what stage of the managerial decision mak..

  Evaluate impact of earning volatility on financial reporting

Evaluate impact of earnings volatility on financial reporting using mark-to-market accounting, and indicate whether or not you believe is a fair representation.

  Calculate the accounting break-even point on the new machine

The selling price per unit is $1.50. Jackson's tax rate is 34%, and it uses a 16% discount rate. Calculate the accounting break-even point on the new machine

  Explain the generally accepted accounting principles

There is a high school accounting intern working in your office for the summer. In the lunchroom, she overhears people talking about financial reporting.

  On december 31 2013 prepare the adjusting entry to record

ryder company which began operations in 2011 invests its idle cash in trading securities. the following transactions

  What is the cost function

Question - Utilize the Hawthorne Company's information to determine: Observation. What is the cost function

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