How much is the goodwill

Assignment Help Accounting Basics
Reference no: EM133128767

Question - ABC Co. and XYZ, Inc. both engage in the same business. On January 1, 2021, ABC and XYZ signed a contract, the terms of which resulted in ABC obtaining control over XYZ without any transfer of consideration between the parties. The fair value of the identifiable net assets of XYZ Inc. on January 1, 2021 is 4,000,000. XYZ chose to measure non-controlling interest at the non-controlling interest's proportionate share of the acquiree's identifiable net assets. How much is the goodwill?

Reference no: EM133128767

Questions Cloud

Compute the earnings per share for limited brands : Suppose the following information (in millions of dollars) is available for a recent year: sales revenue $9,400. Compute earnings per share for limited brands
Understanding of object oriented concepts : Demonstrate a working knowledge of lists in Java and Design a good OO solution from a specification - Evaluate your understanding of object oriented concepts
Discuss the reporting requirements : Discuss the reporting requirements in accordance with AASB108 'Accounting Policies, Changes in Accounting Estimates and Errors'. If necessary
How much will sales increase : Sales is in Units of $1000.00 and Advertising is in Units of $100. If $100 is spent on advertising, how much will sales increase
How much is the goodwill : The fair value of the identifiable net assets of XYZ Inc. on January 1, 2021 is 4,000,000. How much is the goodwill
Determine the fair value of net assets acquired : Half of the 4,000,000 agreed consideration shall be paid on January 1,2021 and the other half on December 31, 2025. Determine fair value of Net Assets acquired
Prepare the necessary journal entries to record transactions : John's purchased merchandise on account for $5,300. Freight charges of $450 were paid in cash. Prepare the necessary journal entries to record transactions
Write a memo to mr moe lawner : Write a memo to Mr. Moe Lawner that explains and illustrates the steps in the recording process for each of the March 15 transactions
Determine the public health impact : Planning and using epidemiology to determine the public health impact on the specified population and an assessment of needs

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