Provides principles for allocating the fair value

Assignment Help Financial Accounting
Reference no: EM1394046

Business Combinations, provides principles for allocating the fair value of a acquired business. When the collective fair values of the separately identified assets acquired and liabilities assumed exceed the fair value of the consideration transferred, the difference should be:

a. Recognized as an ordinary gain from a bargain purchase.

b. Treated as negative goodwill to be amortized over the period benefited, not to exceed 40 years.

c. Treated as goodwill and tested for impairment on an annual basis.

d. Applied pro rata to reduce, but not below zero, the amounts initially assigned to specific noncurrent assets of the acquired firm.

Reference no: EM1394046

Questions Cloud

Illustrate what are the courts saying about enforcement : According to Celia Moore, an IBM corporate manager, corporate social responsibility is "a core business issue for IBM." Illustrate what does she mean by this statement.
Value function for attributes : Assume a customer has a two-attribute value function for cars: cost and quality. Cost can range from $5,000 to $10,000 and quality can range from 0 to 10 (a higher score is better).
Explain how industrial relations affects macroeconomic : Finally, based on your own knowledge of comparative industrial relations, to illustrate what extents also explain how do you think industrial relations affects macroeconomic performance.
Strengths and weaknesses of aggregate and community : Examine and explain the strengths and weaknesses of aggregate and community where aggregate resides. Utilize APA 6th edition format.
Provides principles for allocating the fair value : Business Combinations, provides principles for allocating the fair value of a acquired business. When the collective fair values of the separately identified assets acquired and liabilities assumed exceed the fair value of the consideration transf..
Interaction dummy variables : Let's suppose that we have 2 variables year and age.. I use STATA to make them into dummy variables as follows:
Find out where corporate responsibility ends : Select an industry of your choice also find out explain how ethical behaviour also social responsibility could benefit such an industry. Provide specific e.g. to support your response.
Performance evaluation based on accounting measures : Read Using Shareholder Value to Evaluate Strategic Choices - The basic principle of the article is that performance evaluation based on accounting measures alone is not sufficient.
Description of descriptive and inferential statistics : What are the main differences between descriptive and inferential statistics? Give examples of each. When would random sampling not be the best approach to sample selection? Give an example.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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