Question use the internet to research two publically traded

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Question :

Use the Internet to research two publically traded United States companies, and download their financial statements. Suppose you are the CEO of a major corporation. You are responsible for expanding the corporation during the acquisition of another company. Suppose that the acquisition involved $15 million in goodwill.

Prepare a three to four page paper in which you:

1. Give an explanation for the business combination technique you selected in expanding the corporation by acquiring another firm, your reason for choosing that business combination technique, and how the purchase will grow the business. Check at least five possible synergies that could occur as a result of the proposed acquisition.

2. Analyze the accounting needs for the business combination technique you selected. Prepare related financial statements for the date of acquisition.

3. Consider that, in year two of operations, goodwill has been impaired. Describe to management how you evaluated goodwill was impaired and the financial impact of such impaired goodwill. Prepare the required accounting entries to recognize goodwill impairment.

Reference no: EM13349318

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