Mainline produce corporation acquired all the outstanding

Reference no: EM13589876

Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $40,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows:

	Book Value		Fair Value
Current assets	$	10,800,000	$	13,800,000
Property, plant, and equipment		25,800,000		31,800,000
Other assets		2,400,000		3,400,000
Current liabilities		6,800,000		6,800,000
Long-term liabilities		11,200,000		10,200,000

Required:

Calculate the amount paid for goodwill. (Enter your answer in millions.)

Reference no: EM13589876

Questions Cloud

If you were to get a physical from your doctor and he or : if you were to get a physical from your doctor and he or she ony took your blood pressure prior to stating that you are

The net income reported on the income statement for the : the net income reported on the income statement for the current year was 296200. depreciation recorded on equipment and

Current events in business affecting financial reporting or : current events in business affecting financial reporting or performance measurements are tied to financial

A 100 ml stock solution contains 41 m na3po4 when 31 ml of : a 100 ml stock solution contains 4.1 m na3po4. when 31 ml of the stock solution is diluted to 73 ml how many moles of

Mainline produce corporation acquired all the outstanding : mainline produce corporation acquired all the outstanding common stock of iceberg lettuce corporation for 40000000 in

An experiment shows that a 250 ml gas sample has a mass of : question an experiment shows that a 250 ml gas sample has a mass of 0.430 g at a pressure of 728 mmhg and a temperature

At an activity level of 9200 machine-hours in a month : at an activity level of 9200 machine-hours in a month nooner corporations total variable production engineering cost is

What is an example of a gain contingency what is the : what is an example of a gain contingency? what is the accounting treatment for gain contingencies? please discuss the

Cactus construction sells 1000000 of 8 bonds on january 1 : cactus construction sells 1000000 of 8 bonds on january 1 20xx. the bonds are unsecured but registered to the name of

User Account

All Pages

Mainline produce corporation acquired all the outstanding

Reference no: EM13589876

Reference no: EM13589876

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT