User Account

All Pages

What amount should be reported as goodwill

Assignment Help Accounting Basics
Reference no: EM131778273

Question - On April 30, 2011, Sistar, Inc. purchased for $30 per share all 200,000 of Wren Corp.'s outstanding common stock. On this date Wren's balance sheet showed net assets of $5,000,000. Additionally, the fair value of Wren's identifiable assets on this date was $400,000 in excess of their carrying amount. On Sistar's April 30, 2011, consolidated balance sheet, what amount should be reported as goodwill?

a. $350,000

b. $400,000

c. $600,000

d. $1,000,000

Reference no: EM131778273

Questions Cloud

The radical and the republican essay : This esay will ask you to examine the main themes of this work. Among these are: the differences between the early lives and careers of Abraham Lincoln
List of characteristics of qualitative research : Examine the list of characteristics of qualitative research found on pages 186-186 of the Creswell (2014) text.
Relationship between natives and white settlers : Name three historical lenses that you could apply to gain a fuller picture of the relationship between Natives and white settlers.
Problem related to the car loan : You took out a new car loan for $6,000. The monthly payment is $107.61 and the interest rate is 3 paid year (0.25%/month) for 60 months.
What amount should be reported as goodwill : On Sistar's April 30, 2011, consolidated balance sheet, what amount should be reported as goodwill
Us have wanted to memorialize the war : In this short answer, discuss how the changing and competing significance of Decoration Days and Memorial Day reflects the way varied groups
Polarizing figure in the antebellum period : John Brown was an incredibly polarizing figure in the antebellum period. In this short answer, outline Brown's beliefs and what methods he believed
At what amount should the new truck be recorded : The exchange has commercial substance. At what amount should the new truck be recorded on Part's books
Important supreme court case regarding slavery : The 1857 Dred Scott Decision was arguably the most important Supreme Court case regarding slavery in the United States.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the term time based strategies and give three

Explain the term time based strategies and give three examples.

  Reported net income was 27000 in 2012 and 35000 in 2013 the

at the beginning of 2014 tanham company discovered the following errors made in the preceding 2

  What journal entry will candy company record

Candy Company collected $5,000 from a customer on account. What journal entry will Candy Company record?

  What is the capital expenditures budget

Jam Co. forecasts merchandise purchases of $11,600 in January, $11,800 in February, and $15,400 in March; 40% of purchases are paid in the month of purchase.

  Compute the cash flow stream needed to reach an accept

Revenue forecasts from product sales are shown in the worksheet. Direct production costs are expected to total 80% of sales, as shown in the worksheet. Compute the cash flow stream needed to reach an accept / reject decision for this project

  Terrel gifts produces logo platters and cups bearing the

terrel gifts produces logo platters and cups bearing the name of the city in which the items will be sold to tourists.

  Preferred and common shareholders

The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $15,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2010?

  Determine the amount of taxes paid in country a

Albemarle Company is headquartered in Country A and has a wholly owned subsidiary in Country B. In the current year, Albemarle's foreign subsidiary generated.

  Discuss the allowance for doubtful accounts

Discuss allowance for doubtful accounts. Provide the Company's inventory balance for the past 2 years. Discuss the Company's policies for reporting inventory. Compute the AR turnover and Days Outstanding for Receivable.

  John corp appropriately uses the installment method of

john corp appropriately uses the installment method of accounting to recognize income in its financial statements.

  Sole promotional tool

Question 1: Why would the manufacturer of a $390 video home security system be reluctant to use advertising as its sole promotional tool?

  Situational approaches to leadership

For this assignment, first review the background materials with a focus on Hersey and Blanchard's Situational Leadership model.  Make sure you are familiar with  the four leadership styles covered in the situational approach including Directing, C..

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