User Account

All Pages

What is the amount of goodwill from business combination

Assignment Help Accounting Basics
Reference no: EM132647435

Question - Harper Corp. has only three assets constituting its business:

Carrying amount Fair value

Inventory $165,000 $225,000

Land 1,050,000 900,000

Buildings 1,050,000 1,350,000

Kandon Inc. purchases Harper's assets by issuing 100,000 common shares with a market value of $30 per share.

Required - What is the amount of goodwill from this business combination?

a. Negative $525,000

b. Nil

c. $525,000

d. $735,000

Reference no: EM132647435

Questions Cloud

Workplace leading cross-functional team : Provide an example of a challenge you have experienced in the workplace leading a cross-functional team or as part of a cross-functional team.
What is the theoretical yield in grams : What is the theoretical yield in grams for this reaction under the given conditions?
Which company would value higher : Two-to-Ten Dollar Corporation, Ten Dollar Corporation has expected earnings of $10.00 a share for three years only. Which company would you value higher?
Described as social obligation-social responsiveness : Are Keurig's proposed actions best described as social obligation, social responsiveness, or social responsibility? Explain.
What is the amount of goodwill from business combination : Kandon Inc. purchases Harper's assets by issuing 100,000 common shares with a market value of $30 per share. What is the amount of goodwill
Why was net income negative while cash flow was positive : Why was net income negative, while cash flow was positive? COGS, G&A and depreciation were $435,000, $85,000 and $125,000 respectively.
What would the equity section of balance sheet at year end : Value of $9,500, earned income of $4,900, and paid a dividend of $2,400. What would the equity section of its balance sheet show at year end?
What is the theoretical yield in grams : What is the theoretical yield in grams for this reaction under the given conditions?
Leadership and service management : How many written warnings will a staff member receive after a verbal warning before they are terminated for unacceptable behaviour

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