How did the firms account for the acquisition

Assignment Help Managerial Accounting
Reference no: EM132951330

Access the investor relations link and find the annual report from the year of the merger and from the previous and subsequent years. If it is not there, go to the SEC's website at www.sec.gov. Do not use financial statements from Yahoo!, Google, or any other site.
Answer the following using the financial statements in the year after your merger closed:

Problem 1.) What form of business combination brought the two companies together, and what was the resulting corporate structure? How did the firms account for the acquisition? How did the firms account for its acquisition-related expenses? Was there any contingent consideration? If so, how much?

Problem 2.) What was the cost of the merger? How was that cost allocated (What allocations were made to the assets acquired and liabilities assumed in the acquisition)? Was goodwill recorded? If so, how much? If not, was it considered a bargain purchase? Provide a calculation showing how the acquirer determined the amount allocated to goodwill or bargain purchase.

Problem 3.) Was there in-process research and development acquired in the combination? If so, how did the firms account for it? Were other intangible assets acquired in the combination? What were they and how did the firms account for them?

Reference no: EM132951330

Questions Cloud

Calculate the rate of return for the owners : Now, Dr. Pennyworth has a chance to purchase one of two professional cricket clubs, the Miami Manatees or the Jacksonville Gemini. At the beginning of last year
Determine the effective cost of borrowing per annum : Suppose you have agreed to take a short-term loan amounting of $2,000,000 from your banker. The loan tenure begins on 3 months from today and the financing rate
How much is incremental profit if facey farm slaughters : The production generates 60,000 fishes which can be sold for $1 each, If Facey Farm slaughters the fishes, how much is incremental profit or loss?
Construct an appropriate hedging strategy : Suppose you are a dealer in sugar. It is now August 2021, and you are holding 300,000 kg of sugar worth $0.1500 per kg. You want to fully hedge your exposure wi
How did the firms account for the acquisition : Access the investor relations, How did the firms account for the acquisition? How did the firms account for its acquisition-related expenses?
Calculate the productivity in labor expense : Calculate the productivity in sales revenue/labor expense. Sailmaster makes high-performance sails for competitive windsurfers.
Discuss the term underlying : (a) "It seems that speculators are merely gamblers, because what they do are just betting money on something unpredictable with uncertain outcomes." Is the stat
What was percentage change in productivity over past years : This year, the firm handled 112,160 deliveries with 93 drivers. What was the percentage change in productivity over the past two years?
Determine the arbitrage profit : A forward contract on a stock with 3-month expiration is currently priced at $900, while the stock is currently priced at $956.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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