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Wouldn't you subtract the estimated $720,000 fair value from the carrying value from of the net assets ($750000) which would not include a loss on impairment?
Question 1: On December 31, the fair value of Carley is estimated to be $720,000 and the implied fair value of goodwill is $170,000. The carrying value of Carley's net assets, including the goodwill, at year-end is $750,000. Prepare Vinson's journal entry, if necessary, to record impairment of goodwill.
Goodwill 200,000
Less:Implied Goodwill 170,000
Loss on Impairment 30,000
Goodwill 30,000
the howe companys stockholders equity account followscommon stock 400000 shares at 4 par1600000paid-in-capital in
Ohio Plastics has the following net worth on its balance sheet How many shares outstanding does the firm have? What is the average price per share
For the following accounts, indicate whether or not there is a debit or credit balance: Interest income Accounts payable Accounts receivable Sales Retained earnings Dividends Royalty expense Dividend income Notes payable Computers
adria lopez created success systems on october 1 2013. the company has been successful and its list of customers has
They? don't have the slightest idea what return they would be making on their investment of ?$28565.59. What rate of return would they be? earning?
What was the price of the common stock when it was first issued?
Determine What are the company's earnings per share on common stock. Determine eaht is the company's price-earnings ratio.
Ernest Peat Consultants uses a job cost system and had the following activity during December: There were no jobs in beginning Work in Process or Finished Goods Inventory. Prepare journal entries to record the preceding data, as well as the transfer ..
Would a merger or acquisition affect Mr. Jones’ ability to change Smithon’s fiscal year-end to a calendar year-end? Could Smithon be converted to an S corporation?
In variance analysis it is possible for the volume variance to be negative and the management variance to be positive. Providers accepting capitates contracts need to receive a PMPM premium sufficient to cover medical costs, administrative cost and a..
Which he said each of us possesses to varying degrees, and which characterise our motivational behaviour; what are these three motivational needs
Salvage value of rupees 40,000. Advice the management of Mehra limited on the best proposal after incorporating the new information above.
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