User Account

All Pages

Record the acquisition in a financial statements model

Assignment Help Accounting Basics
Reference no: EM133110296

Question - Arizona Corp. acquired the business Data Systems for $320,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $260,000, liabilities of $40,000, and stockholders' equity of $220,000. An appraiser assessed the fair market value of the tangible assets at $250,000 at the date of acquisition. Arizona Corp.'s financial condition just prior to the acquisition is shown in Required B.

Required -

a. Compute the amount of goodwill acquired.

b. Record the acquisition in a financial statements model.

Reference no: EM133110296

Questions Cloud

Discuss influence of globalization-social responsibility : Discuss the influence of globalization, social responsibility and environmental sustainability on strategic management of a corporation.
Discuss four characteristics of a traditional index fund : Discuss four characteristics of a traditional index fund (TIF). (according to John Bogle's book, pages XVII and XVIII of the Introduction)
Why are etfs different from a traditional index fund : Discuss four characteristics of a traditional index fund (TIF). (according to John Bogle's book, pages XVII and XVIII of the Introduction)
What is the value of the firm : Annie's Donut Shops, Inc., has expected earnings of $5 per share for next year. The firm's ROE is 12%, and its earnings retention ratio is 75%. If the firm's ma
Record the acquisition in a financial statements model : Arizona Corp. acquired the business Data Systems for $320,000 cash. Record the acquisition in a financial statements model
Identify opportunities and threats of the company : Identify opportunities and threats as well as strengths and weakness of the company. Determine the issues affecting to the strategic competitive advantage
Explain the likely source of the remaining : Suppose an active equity manager has earned an active return of 110 basis points, of which 30 basis points is the result of security.
Strategic alliance used by your chosen firms : What is the type of strategic alliance used by your chosen firms? What is the method used by the firms to manage their cultures after alliance?
How will the tax authority decision affect after-tax cost : How will the tax authority's decision affect the after-tax cost of the kiln? The tax rate is 25%, and the opportunity cost of capital is 4%

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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