How much should Happee report as goodwill

Assignment Help Accounting Basics
Reference no: EM132598808

Question - On June 30, 2020, Happee Inc. purchased goodwill of P125,000 when it acquired the net assets of Beam Corp. During 2020, Happee incurred additional cost of developing the goodwill, by training Beam employees (P50,000) and hiring additional Beam employees (P25,000). How much should Happee report as goodwill on its December 31, 2020 Financial Position?

Reference no: EM132598808

Questions Cloud

Prepare the company planning budget for october : Prepare the company's planning budget for October. Auto Lavage is a Canadian company that owns and operates a large automatic car wash
Benefits of the application of genomics : What are the benefits of the application of genomics is the field of medicine?
Identify a health program in your community : Using the South University Online Library or the Internet, identify a health program in your community. Utilizing resources such as interviews of key staff.
Quest for life on other planets always : The quest for life on other planets always start with looking for existence of water. Why do you think water is essential for origin and maintenance of life bas
How much should Happee report as goodwill : On June 30, 2020, Happee Inc. purchased goodwill of P125,000, How much should Happee report as goodwill on its December 31, 2020 Financial Position
Make production budget for the third quarter showing : Make production budget for the third quarter showing the number of units to be produced each month and for the quarter in total.
What do you about iuds : What do you about IUDs? Are they considered mechanical or hormonal means of contraception?
Write description of the change map to include details : You now have been tasked with mapping out an organizational culture change Delta Pacific Company (DPC), another role and responsibility as a change leader.
Normal ranges of human white cells : Present the data containing normal ranges of human white cells (neutrophils, eosinophils and basophils) in dot plots and histogram

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