On september 1 2012 winans corporation acquired aumont

Assignment Help Accounting Basics
Reference no: EM13581494

On September 1, 2012, Winans Corporation acquired Aumont Enterprises for a cash payment of $713,680. At the time of purchase, Aumont's balance sheet showed assets of $603,310, liabilities of $191,210, and owners' equity of $412,100. The fair value of Aumont's assets is estimated to be $816,170.

Compute the amount of goodwill acquired by Winans.

Reference no: EM13581494

Questions Cloud

A wave on a string is described : a wave on a string is described bynbspdxt3.4cmtimesnbspsin2?x8.4mt0.20s1 where x is in m and t is in s.a in what
Capriati corporation commenced operations in early 2012 the : capriati corporation commenced operations in early 2012. the corporation incurred 60710 of costs such as fees to
Isbn 978-0-07-352694-2the question is 20-38 on page : isbn 978-0-07-352694-2the question is 20-38 on page 920-921ramon martinez is the general manager of classic inn a
Kenoly corporation owns a patent that has a carrying amount : kenoly corporation owns a patent that has a carrying amount of 308160. kenoly expects future net cash flows from this
On september 1 2012 winans corporation acquired aumont : on september 1 2012 winans corporation acquired aumont enterprises for a cash payment of 713680. at the time of
Toy country corporation produces childrens toys using a : toy country corporation produces childrens toys using a liquid plastic formula and a continuose production process. in
Thayer company purchased a building on january 2 by signing : thayer company purchased a building on january 2 by signing a long-term 2520000 mortgage with monthly payments of
The displacement of a wave traveling in the negative : the displacement of a wave traveling in the negative y-direction is dyt 5.00cm sin 6.50 y 60.0 t where y is in m
Evaluate the projects efficacy is this facility worthwhile : bender guitar corporation a manufacturer of custom electric guitars is contemplating a 1000000 investment in a new

Reviews

Write a Review

Accounting Basics Questions & Answers

  A single stage window at the post office experiences an

a single stage window at the post office experiences an average arrival rate of 14 people per hour and can service on

  William hancock traded a delivery truck and 5000 cash for a

william hancock traded a delivery truck and 5000 cash for a newer van. this transaction has commericial substance.value

  Contribution the property to the partnership

Would your answers to (a) and (b) change if Gabriella originally contributed the property to the partnership in 1999?

  Net amount paid to minimize its cost

Also, a 90-day put option with an exercise price of $.73 and a premium of $.01 is available. FAB plans to purchase options to hedge its payable position. Assuming that the spot rate in 90 days is $.71, what is the net amount paid, assuming FAB wis..

  How many units must be sold

A product sells for $200 per unit, and its variable costs per unit are $130. The fixed costs are $420,000. If the firm wants to earn $35,000 pretax income, how many units must be sold?

  Prepare a stockholders equity section of the company

1. Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13 per share. Their balance in retained earnings in $75,000. Prepare a stockholders' equity section of the company's balance sheet.

  Explain accounts receivable turnover

Selected balances from a company's financial statements are shown below. Calculate the following (a) accounts receivable turnover (b) inventory turnover (c) days' sales uncollected

  Treatment of preacquisition earnings

Which of the following is correct about the treatment of preacquisition earnings on consolidated financial statements?

  Annual exclusions to be claimed on gift tax return

Her husband makes no gifts in the current year. Sandra's annual exclusions to be claimed on her gift tax return total:

  Calculating tax liability-marginal rate

Williams Inc reports total net income of $130,000 during 2012. This includes $10,000 of income from 5.5% Orange County municipal bonds. Thus the Corporation's taxable income is equal to $120,000.

  Tappit corp is a medium sized wholesaler of automotive

tappit corp. is a medium sized wholesaler of automotive parts. it has ten stockholders who have been paid a total of 1

  The peace company has the following functional traditional

the peace company has the following functional traditional income statement for the priornbspmonth.sales50 100000

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