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T=0 the company has no goodwill, then after i purchased the company T=1 they have goodwill.
Question 1: How is good will calculated? is it the purchase price - (Assets @T=0 - Liabilities @ T=0) ?
Question 2: Also what are the accounting entries for good will if the company was purchased for $100 (50% cash, 50% loan) and goodwill is $25.
With regard to the bond interest payment on March 31, 2015: How much cash is paid in interest? How much is the amortization? How much is interest expense?
Each project requires an investment of $480,000. A rate of 15% has been selected for the net present value analysis and prepare a brief report advising management on the relative merits of each project.
Retained earnings and the closing process LO 1-5, 1-6 As of December 31, 2014, Blue Haven Company had total assets of $180,000, total liabilities of $54,000, and common stock of $90,000. Determine the before-closing balance in the Retained Earnings a..
Buzzard borrowed $36,000 on March 1, 2021. The principal is due to be collected in five years. Interest is receivable each March 1 at an annual rate of 10%.
Briefly illustrate how lease accounting is changing for the lessee with the introduction of AASB 16 Leases, which is replacing AASB 117 Leases from 1 January 2019.
Nature of Uncollectible Accounts The XYZ Corporation owns and operates casinos. As of a recent year, The XYZ Corporation reported accounts receivable of $715,000 and allowance for doubtful accounts of $99,385. Compute the percentage of the allowance ..
calculating additional finance requirements amp average collection period.baldwin products co. anticipates reaching a
What are the current profit margins on both trips? Describe two ways that Take-a-Break Travel could cut its costs to get the profit margin back to their original levels.
Plot the monthly data and the regression lines for each of the following cost functions: Manufacturing overhead costs = a + (b x Machine-hours) and Manufacturing overhead costs = a + (b x Number of batches).
Ignore income taxes. Using the analytical framework discussed in the chapter, indicate the effect of the preceding information for 2009, 2010, and 2011 under each of the following valuation methods.
The company uses the first in, first out method on a periodic basis. Physical counts are conducted at the end of the year to determine the quantity and value of merchandise inventory on hand and cost of goods sold.
Prepare the journal entry for the issuance when the market price of the common shares is $168 each and market price of the preferred is $210 each.
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