User Account

All Pages

Does robinson amortize goodwill at year-end

Assignment Help Accounting Basics
Reference no: EM132562449

Question - Robinson Company purchased Franklin Company at a price of $3,830,000. The fair market value of the net assets purchased equals $2,880,000.

Required -

1. What is the amount of goodwill that Robinson records at the purchase date?

2. Does Robinson amortize goodwill at year-end?

3. Robinson believes that its employees provide superior customer service, and through their efforts, Robinson believes it has created $1,370,000 of goodwill. Should Robinson Company record this goodwill?

Reference no: EM132562449

Questions Cloud

Explain the impact of an impairment loss : An impairment test is considered necessary to ensure that the reporting entity's assets are not overstated. Explain the impact of an impairment loss
What transpired during the workplace incident : What transpired during the workplace incident? How did you handle the situation? What worked?
Post a draft topic for your training and development plan : In preparation for the Week Three assignment, look ahead in the course syllabus and post a draft topic and objectives for your training and development plan.
What is the average level of inventory at a single store : What is the average level of inventory at a single store? Across the chain? What other benefits will the company obtain from increasing the order frequency?
Does robinson amortize goodwill at year-end : What is the amount of goodwill that Robinson records at the purchase date? Does Robinson amortize goodwill at year-end
What can use of a long complex selection process symbolize : Some organizations set up a selection process that is long and complex. In some people's opinion, this kind of selection process is not only more valid but.
Advances in modern technology : Have advances in modern technology expanded or contracted citizens' conceptions of what privacy they actually enjoy?
What amount will Plaxo record as a deferred tax asset : Plaxo purchases a piece of equipment with a four year life and an original cost of $100,000. What amount will Plaxo record as a deferred tax asset
How were you recruited for each position : List at least three jobs and research the organizations' recruiting practices. The jobs could be positions you have held or of those you want to hold.

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