User Account

All Pages

Find what is the goodwill impairment

Assignment Help Accounting Basics
Reference no: EM132737363

Perry Company recently acquired Sam business, recognizing goodwill in the acquisition.

                             Carrying Value            Fair Value

Tangible Assets          $120,000                 $120,000

Trademark                   0                            $50,000

Customer List           $35,000                      $45,000

Goodwill                   $75,000                             ?

Problem 1: A year after the acquisition, the fair value of reporting unit including Goodwill is $215,000. Under the given information, is there Goodwill impairment?

Reference no: EM132737363

Questions Cloud

How much will the income from the second job increase : A second part-time job that would give her an additional $10,800 of taxable income. By how much will the income from the second job increase her tax liability?
What are the challenges of employing a diverse workforce : What are the challenges and benefits of employing a diverse workforce? What should Barbara's plan be for encouraging teamwork among a diverse workforce.
What amount should richmond report as capitalized interest : From which Richmond realized investment income of P250,000. What amount should Richmond report as capitalized interest at December 31, 2018?
Overview of the organizational justice model : What insights from this model might be useful to Don in his efforts to motivate and develop his employees?
Find what is the goodwill impairment : A year after the acquisition, the fair value of reporting unit including Goodwill is $215,000. Under the given information, is there Goodwill impairment?
Calculate Arthur assessable income for the tax year : Receipts from regular customers 288,000 (all bookings are received in advance of the actual lessons) Calculate Arthur assessable income for the 2018/19 tax year
Discuss professional nursing leadership and management roles : Discuss professional nursing leadership and management roles that have arisen and how they are important in responding to emerging trends and in the promotion.
Major components of safety and health plan : State the major components of a safety and health plan, describe each component, and discuss how you would structure each component of the plan
Prepare comparative summary statement of consolidated : Prepare comparative summary statement of Consolidated Revenue Account for the year 2020 as required by the financial procedure Act, 1957?

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