Reference no: EM132246559
Questions -
Q1. Culver Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill of $500,000. The Johnson Division's net assets, including the goodwill, have a carrying amount of $900,000. The fair value of the division is estimated to be $862,000 and the implied goodwill is $462,000.
Prepare Culver journal entry to record impairment of the goodwill.
Q2. Joni Shamrock Inc. has the following amounts reported in its general ledger at the end of the current year.
Organization costs $23,600
Trademarks 15,300
Discount on bonds payable 36,600
Deposits with advertising agency for ads to promote goodwill of company 11,600
Excess of cost over fair value of net identifiable assets of acquired subsidiary 76,600
Cost of equipment acquired for research and development projects; the equipment has an alternative future use 86,600
Costs of developing a secret formula for a product that is expected tobe marketed for at least 20 years 82,200
(a) On the basis of this information, compute the total amount to be reported by Shamrock for intangible assets on its balance sheet at year-end.
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Prepare the entry to record Flounder credit sales
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Differences between decrease and conquer
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Constructing a disaster recovery plan
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Create the logic for a program that helps a user
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Compute the total amount to be reported by Shamrock
: On the basis of this information, compute the total amount to be reported by Shamrock for intangible assets on its balance sheet at year-end
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Identify a practice issue in nursing
: Identify a practice issue in nursing that would benefit from utilizing a mixed methods approach. Discuss how the quantitative and qualitative data would.
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Practice-array minimum-maximum and average
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Identify specific data to support the health inequity
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Compute depreciation under the straight-line
: Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years'-digits, and double-declining-balance methods
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