How much is reported for goodwill

Assignment Help Accounting Basics
Reference no: EM131988686

Question - On June 1, 200X, Post Co. paid $ 760,000 cash for all of the issued and outstanding common stock of Ben Corp. The carrying values for Ben's assets and liabilities on June 1 follow:

Cash 250,000

Accounts Receivable 180,000

Capitalized Software 320,000

Liabilities (130,000)

On June 1, 200X, Ben's accounts receivable had a fair value of $ 140,000. Additionally, Ben's capitalized software costs were estimated to have a fair value of $ 200,000 and liabilities were valued at $30,000. All other items were stated at their fair values. On Post's June 1 consolidated balance sheet, how much is reported for goodwill?

Reference no: EM131988686

Questions Cloud

Describe a real or potential ethical and legal aspect : Describe a real or potential ethical and legal aspect of the case which involved working collaboratively with health care professionals who were not nurses.
Down-sloping average total cost : 1: For a theoretical natural monopolist with down-sloping average total cost (ATC) curve
Prepare a cash budget for january and february : Danner Company expects to have a cash balance of $59,110 on January 1, 2014. Prepare a cash budget for January and February
Write an essay on the role of the nurse caring for patients : Write an essay on The role of the nurse caring for patients after an emergency. School: florida national university(nursing program).
How much is reported for goodwill : On June 1, 200X, Ben's accounts receivable had a fair value of $ 140,000. On Post's June 1 consolidated balance sheet, how much is reported for goodwill
What does it mean to have a market in equilibrium : What does it mean to have a market in equilibrium? How do changes in supply or price affect this equilibrium?
Profession have over insurance companies : What authority, if any, should the medical profession have over insurance companies and / or the government dictating how often and at what price
Explore how shared decision making can improve the health : Explore how shared decision making , motivational interviewing, and best practices of models of care can improve the health literacy of a especial popualtion.
Relative size of the state sector in the economy : Has globalization led to a reduction in the role or relative size of the state sector in the economy?

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd