User Account

All Pages

Problem regarding the contingent consideration

Assignment Help Accounting Basics
Reference no: EM13849549

Problem: Contingent Consideration

Jones Company acquired Jackson Company for $2,200,000 cash. At that time, the fair value of recorded assets and liabilities was $1,500,000 and $280,000 respectively. If Jackson meets specified sales targets, Jones is required to pay an additional $360,000 in cash per the acquisition agreement. Jones estimates the probability of this to be 50%, resulting in a potential additional payment to Jackson of $180,000. The direct costs related to the acquisition were $150,000. What was the amount of the goodwill related to the acquisition?

Reference no: EM13849549

Questions Cloud

Write a brief summary of the book every day : Write a brief summary of the book Every Day. Only include the essential information (who, what, when, where, why, how), especially the information that is related to your argument about the book. Be sure to state the title and author of the book a..
What is the origin of the notion of race : Engage with the issue of "passing" and the specific problems encountered by people of mixed race (Smedley), or more specifically light-skinned African Americans as discussed by Davis. What is the "one-drop rule" and how have beliefs about black id..
Analysis - smacking is distinct from child abuse : Need the analysis and summary of given article - Smacking is distinct from child abuse
A description and evaluation of supporting evidence : An introductory section that provides all the information the audience will need to understand your argument. This includes the topic of the writing project and your argument claim and reason about the author's use of good reasons. A statement of..
Problem regarding the contingent consideration : Jones Company acquired Jackson Company for $2,200,000 cash. At that time, the fair value of recorded assets and liabilities was $1,500,000 and $280,000 respectively.
What is the future of managed care : What is the future of managed care, and what should the role of government be with regard to its future?
What is your current grade in this class : What is your current grade in this class. Why is that your current grade. That is, how did you end up with that grade, What are the reasons. What grade would you like to end up with in this class.
Determining the most effective format for advertising : A researcher is interested in determining the most effective format for advertising. He randomly assigns 60 people to one of three groups: (1) television commercial, (2) radio commercial, or (3) magazine advertisement. Group members review the commer..
Entrepreneurship paper - henry ford : Pick an entrepreneur you personally admire -someone who's currently engaged in business activities or someone who's a historical figure. For example, you could choose: Henry Ford, Walt Disney and Milton Hershey

Reviews

Write a Review

Accounting Basics Questions & Answers

  Provide scholarship money

An Alumnus of West Virginia University whishes to start an endowment that will provide scholarship money of $40,000 per year beginning in year 5 and continuing indefinitely. The donor plans to give money now and for each of the next 2 years. If th..

  Wilmington chemical company manufactures specialty

wilmington chemical company manufactures specialty chemicals by a series of three processes all materials being

  You have been asked to help your classmate who was just

you have been asked to help your classmate who was just offered a professional soccer contract with selecting her

  Evaluate how the status of the pension fund affects

Evaluate how the status of the pension fund affects the level of risk that must be reported in the annual report. Justify your answer.

  How much liability for outstanding premiums

how much liability for outstanding premiums should be recorded at the end of 2008?

  Amount of un-realized intercompany profit

The inventory cost Yukon $260,000 and was sold to Ontario for $390,000. Ontario still had $60,000 of the goods in its inventory at the end of the year. The amount of unrealized intercompany profit which should be eliminated in the consolidation pr..

  Determine the value that should be recorded

Determine the value that should be recorded for the building when it is purchased. Assume a 6 percent annual interest rate.

  Prepare closing entries for homer winslow co on december 31

presented below are selected account balances for homer winslow co. as of december 31 2014.inventory 12311460180cost of

  Determined that the market value of the land

Determined that the market value of the land

  Payment reporting and spe reporting

Research share-based payment reporting and SPE reporting individually.

  Alternative 2 will require specified interest and principal

a common problem facing any business entity is the debt versus equity decision. when funds are required to obtain

  Wilmet college recently purchased new computing equipment

wilmet college recently purchased new computing equipment for its library. the following information refers to 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