User Account

All Pages

Problem regarding the consolidated goodwill

Assignment Help Accounting Basics
Reference no: EM13840837

On January 1, 2010 Adams pays $4 million cash to acquire 100% of Baker in a transaction structured as an acquisition. At date of acquisition, Baker has book value of assets of $7 million and book value of liabilities of $4 million. In addition Baker has land on its books with a book value of $800,000 and a fair value of $500,000.

a. How much is consolidated goodwill.

b. How does the answer to a. above differ if Adams paid $ 2 million

c. Assume Adams pays $ 4 million cash and instead of Land, it is Note Payable that has the as above fair value and book value. How much is consolidated goodwill

d. How does the answer to c. above differ if Adams paid $ 2 million.

Reference no: EM13840837

Questions Cloud

Operations of the chain : For the year ending December 31, 2016, Micron Corporation had income from continuing operations before taxes of $1,250,000 before considering the following transactions and events. All of the items described below are before taxes and the amounts ..
Partial income statement : Prepare a partial income statement for 2016 beginning with income from continuing operations. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.)
What did you find most interesting about the videos : What did you find most interesting about the videos that you selected? How can you apply what you learned to (understanding) yourself and others? Include a "real world example in your response to the latter. Support your observations with informat..
Describe both verbal and nonverbal management communication : Describe both verbal and nonverbal management communication
Problem regarding the consolidated goodwill : How much is consolidated goodwill. How does the answer to a. above differ if Adams paid $ 2 million
Marketing audit for the toowoomba chamber of commerce : My assignment is the marketing audit for The Toowoomba chamber of commerce. I've been having a hard time to analysis the internal and external envrionment: SWOT, pest.
What were the parties involved in the project : What were the parties involved in the project
Fair value of the bonds : The company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale. The fair value of the bonds at December 31 of each year is as follows:
Identify issues that are apparent in the law : Identify issues that are apparent in the law

Reviews

Write a Review

Accounting Basics Questions & Answers

  Professional services and banking

A CPA firm was purchased by a public company. The acquirer performs other professional services and has banking, insurance, and brokerage subsidiaries.

  Cash flow statement and computing net cash flow

Net cash flow provided (used) by operating activities. Net cash flow provided (used) by investing activities. Net cash flow provided (used) by financing activities.

  Determining charges for private pay residents shady grove

determining charges for private pay residents. shady grove nursing home has 220 private pay residents. the

  Calculation of expected value from sales projection

The problem belongs to Accounting and it discusses about calculation of expected value from sales projection

  Badger recorded 500000 of net sales for the year which 2

badger recorded 500000 of net sales for the year which 2 is estimated to be uncollectable. identify and analyze the

  What is a pension plan as used in a firm

What is a pension plan as used in a firm and related to employee compensation? What is the difference between a defined contribution plan and a defined benefit plan?

  Underlying rationale for the alimony rules

The underlying rationale for the alimony rules is that: 1. The fruit and tree metaphor should be rigorously applied.

  Break-even chart for the custom cabinet firm

How many cabinets must you make each month to break even? Construct a break-even chart for the custom cabinet firm.

  Process of breaking a large program down

The process of breaking a large program down into manageable pieces is known as top-down design or the _____.

  Accounting for extractive industries

Accounting for Extractive Industries Production commences in Site One

  The stockholders equity section on the december 31 2009

the stockholders equity section on the december 31 2009 balance sheet of chemfast corpo-ration reported the following

  If on the trial balance before adjustments the unearned

if on the trial balance before adjustments the unearned revenue is 1804 and after a reconciliation is performed the

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd