User Account

All Pages

How much is full goodwill in december

Assignment Help Accounting Basics
Reference no: EM132783515

Question - Basahin Company acquires 75% of Mabuti Company for P480,000 on January 1, 20x8. Mabuti reported capital stock of P325,000 and retained earnings of P275,000 on that day. An equipment with 5-year remaining life was undervalued by P50,000 and buildings with 10-year remaining life were overvalued by P20,000. Any excess consideration transferred over fair value was attributable to goodwill. Based on annual review, goodwill was impaired by P1,000. In 20x8, Mabuti net income is P120,000 and paid dividends of P50,000. How much is full goodwill in December 31, 20x8 consolidated financial statements?

Reference no: EM132783515

Questions Cloud

List four cultural identifiers that you identify with most : Describe what cultural diversity means to you. In your description, be sure to include identifiers of cultural diversity such as race, class, gender, sexuality.
What total amount should be credited to additional paid : What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?
Describe three risks for made to order : Describe three risks that are unique to each of the following two manufacturing approaches: made to order (MTO) and made to stock (MTS).
List four cultural identifiers that you identify with most : Describe what cultural diversity means to you. In your description, be sure to include identifiers of cultural diversity such as race, class, gender.
How much is full goodwill in december : Mabuti net income is P120,000 and paid dividends of P50,000. How much is full goodwill in December 31, 20x8 consolidated financial statements
Identify the underlying causes of violence : 1 in 3 women globally will experience physical, sexual or psychological violence during their lifetimes, most often at the hands of a partner.
Quality management planning strategy for management : You have been asked to prepare a Quality Management Planning Strategy for management and employees.
Calculate the net present value of the cashflows : Could you please help me solve this question with computer Excel ? I mean using tools to solve it.
Compute the price of the bonds : Compute the price of the bonds. Pia Cloe is considering a bond investment in the Miette Music Company The $1.000 bonds have a quoted annual interest rate of 11%

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