The book value of jji assets and owners equity before the

Assignment Help Accounting Basics

Reference no: EM13590750

During the current year, Peterson data Coorporation purchased all of the outstanding common stock of Junior Jackson Inc. (JJI), paying 36 million dollars in cash. Peterson recoreded the assets acquired as follows:

Accounts receivable 2.5 mil
Inventory 9 mil
Property, plant, and equipment 25.5 mil
Goodwill 6 mil

The book value of JJI assets and owners equity before the acquisiotion was 22 million dollars and 18 mil dollars respectively. Compute the fair value of JJI liabilities that Peterson assumed in the acquisition.

Reference no: EM13590750

Questions Cloud

Marcus company uses both standards and budgets for the year : marcus company uses both standards and budgets. for the year estimated production of product x is 500000 units. total

Sometimes companies change the extent to which they can : sometimes companies change the extent to which they can significantly influence an investee such that they have to

Your answere may differ from those offered below due to : abis corporation uses the weighted-average method in its process-costing system. this month the beginning inventory in

Empirical research cited in the text indicates that firms : empirical research cited in the text indicates that firms with an operating cash flow to current liabilities ratio

The book value of jji assets and owners equity before the : during the current year peterson data coorporation purchased all of the outstanding common stock of junior jackson inc.

An audit revealed that in determining these amounts the : an audit revealed that in determining these amounts the ending inventory for 2012 was overstated by 18000. the company

The following table presents a summary of ratio analysis : the following table presents a summary of ratio analysis for uncle joes coffee based on the most recent 12 months and 5

Cncessions revenue 60300 salaries and wages expense : the following list in alphabetical order shows the various items that regularly appear on the financial statements of

The articles of partnership include the following : determine which answer is most correct and circle the corresponding letter.1 webber company owns 28 of the common stock

User Account

All Pages