Pro-tech software acquired all of the outstanding stock of

Assignment Help Accounting Basics
Reference no: EM13483342

Pro-tech Software acquired all of the outstanding stock of Reliable software for $14 million. The book value of Reliable's net assets was $8.3 million. The fair values of Reliable's assets and liabilities equaled their book values with the exception of certain intangible assets whose fair values exceeded book values by $2.5 million. Calculate the amount paid for goodwill.

Reference no: EM13483342

Questions Cloud

Snappy company has a job-order cost system and uses a : snappy company has a job-order cost system and uses a predetermined overhead rate based on direct labor-hours to apply
During the current year karen sells her entire interest in : during the current year karen sells her entire interest in central corporation common stock for 22000. she is the sole
All urban company produces a product requiring 4 pounds of : 1. all urban company produces a product requiring 4 pounds of material costing 3 per pound. during december all urban
Discuss the factors that determine the attractiveness of : discuss the factors that determine the attractiveness of bhps olympic dam project from both bhp billitons perspective
Pro-tech software acquired all of the outstanding stock of : pro-tech software acquired all of the outstanding stock of reliable software for 14 million. the book value of
Enter the above transaction nov 17 into the cash receipts : prepare a cash receipts journal based on the information given below and post it to the accounts receivable subsidiary
Carlo company uses a predetermined overhead rate based on : carlo company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhad to jobs.
Calculate liams savings ratio debt ratio and debt-payments : liam chan is 25 years and a recent graduate of jmsb. he works for the bank of montreal as a junior account manager
Displayed below is the income statement section of info : part 1list the following steps of the accounting cycle in their proper orderanalyzing business transactions.collecting

Reviews

Write a Review

Accounting Basics Questions & Answers

  Write memo to tom including the following explaining the

your friend tom smith is the owner-president of a consulting company. he recently completed his third year of business

  Differences between ifrs and gaap

Discuss at least three significant differences between IFRS and GAAP.

  Prepare an income statement for the month ending

After its first month of operation, the following amounts weretaken from the accounting records of Sandcastle Realty Inc. as ofJune 30, 2009. Prepare an income statement for the month ending June 30,2009.

  Identify several areas in business operations

Identify several areas in business operations where weakness in control over data may occur. Then, determine which can do the most harm to the organization. Provide your rationale.

  Hours per unit annual production total direct

Hours per Unit Annual Production Total Direct

  Compute the current break-even sales units compute the

currently the unit selling price of a product is 300 the unit variable cost is 225 and the total fixed costs are

  Investment net present value

Donaldson Company can acquire a $650,000 machine now that will benefit the firm over the next 9 years. Annual savings in cash operating costs are expected to total $105,000. If the hurdle rate is 12%, the investment's net present value is?

  What is the total cost for summertime company

The following costs related to Summertime Company for a relevant range of up to 20,000 units annually:

  Why owner-s investment and revenues increased equity

Briefly explain why the owner's investment and revenues increased owner's equity, while withdrawals and expenses decreasedowner's equity.

  Determining capital structure: repurchase of stock

The Tivoli Company has no debt outstanding, and its financial position is given by the following data: What would the value of the firm be after this debt-for-stock restructuring of the firm is completed? What would be the price of Tivoli's stock aft..

  What is the stock price

A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 13.9%, what is the stock price?

  Taxpayer sells depreciable business property

A business taxpayer sells depreciable business property with an adjusted basis of $400,000 for $32,000. The taxpayer held the property for more than a year. The taxpayer has an $8000 long term capital loss.

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