Fair values of identifiable net assets

Assignment Help Accounting Basics

Reference no: EM13159198

Under the acquisition method, if the fair values of identifiable net assets exceed the value implied by the purchase Pratt of the acquired company, the excess should be:

a) accounted for as goodwill.

b) allocated to reduce current and long-lived assets.

c) allocated to reduce current assets and classify any remainder as an extraordinary gain.

d) allocated to reduce any previously recorded goodwill and classify any remainder as an ordinary gain.

Reference no: EM13159198

Questions Cloud

Determine specific heat capacity of this sample of carbon : The amount of energy needed to heat 2.00 g of carbon from 50.0°C to 80.0°C is 42.6 J. The specific heat capacity of this sample of carbon is ?

Is a company violating the optimality rule : According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. In offering such training programs, is a company violating the optimality rule?

What is the role of each in your immune system : The proper functioning of your immune system depends on two processes termed clonal deletion and clonal selection. What do these terms mean, how do these processes work, and what is the role of each in your immune system?

Calculate the ionization energy for an atom : It is possible to determine the ionization energy for hydrogen using the Bohr equation. Calculate the ionization energy for an atom of hydrogen, making the assumption that ionization is the transition from n=1 to n=∞.

Fair values of identifiable net assets : Under the acquisition method, if the fair values of identifiable net assets exceed the value implied by the purchase Pratt of the acquired company, the excess should be:

Calculate the avrg. size of the cork cells : Calculate the avrg. size of the cork cells, in mm, if there are 6 cells across the field of view and the objective lens used was 40x.

Psychological view of religion with sociological view : Compare and contrast a psychological view of religion (Freud, Jung, or James) with a sociological point of view (Durkheim or Levi-Strauss). Defend one of the two theories you selected as a better explanation for the origin of religions.

How many liters of ethane, measured : How many liters of ethane, measured at 17.0 degrees Celsius and 719 Torr, must be burned to liberate 2.94 X 10^4 kJ of heat?

Consider the risks associated with the consumption : Suggest ways to assess the risk of genetically engineered marine species. Consider the risks associated with the consumption of genetically engineered species as well as the risks associated with introducing these species into their natural enviro..

User Account

All Pages