User Account

All Pages

How much should be recorded as goodwill

Assignment Help Accounting Basics
Reference no: EM132578061

Question - Annapolis Company was recently sold for $480,000. Annapolis had assets & liabilities appraised at the time of the sale in the amounts of:

Item - Amount

Accounts Receivable assumed by buyer $135,000

Inventory $260,000

Property, Plant & Equipment (net) $545,000

Notes Payable assumed by buyer $665,000

Required - Using this information, how much should be recorded as Goodwill for this transaction?

Reference no: EM132578061

Questions Cloud

What are the journal entries runway : How should the $25 Referral Credit be recorded in Runway's income statement and What is the relevant accounting guidance it would follow under IFRSs
How much is the annual amortization expense : Adelphi Company expects to use the patent for 8 years after which time it will be worthless. How much is the annual amortization expense for 2019
Annual operating cash flow of project : The tax rate is 25 percent and the required rate of return is 10 percent. What is the annual operating cash flow of this project?
Purchasing computer and favorite apps : What factors will you be considering in the purchase of your next computer? What are some of your favorite apps?
How much should be recorded as goodwill : Annapolis Company was recently sold for $480,000. Using this information, how much should be recorded as Goodwill for this transaction
Implementing new inter-organizational system : You are a member of the Human Resource Department of a medium-sized organization that is implementing a new inter-organizational system
Discuss team dynamics for highly effective : Discuss the team dynamics for a highly effective or ineffective team of which you were a member.
Discuss the purpose and importance of financial ratios : Discuss the purpose and importance of financial ratios and financial analysis. What are the limitations of financial ratio analysis
Actions of at least two antihypertensive drugs : What medications are likely to have been used? Describe the mechanisms of actions of at least two antihypertensive drugs.

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