User Account

All Pages

What is the amount to be paid for goodwill

Assignment Help Financial Accounting
Reference no: EM132790939

Question - The owners of Eli Company are planning to sell the business to new interests. The cumulative net earnings for the past five years amounted to P11,000,000 including an expropriation gain of P1,000,000. The fair value of the net assets of East Company was P15,000,000. The goodwill is determined by capitalizing average net earnings at 10%. What is the amount to be paid for Goodwill?

Reference no: EM132790939

Questions Cloud

Relevant examples of risk influencing project : I ask each of you to reach across your professional experience and share what you feel are relevant examples of risk influencing a project,
How much is realized gain on disposal of bonds : BROKER Inc. sold the bonds of BDO for 105 less disposal cost of P20,000. How much is the realized gain/(loss) on disposal of Bonds on January 1, 2015
What specific impact did industry have on the lives : Explain clearly why the industrial revolution started in Britain. Describe this revolution and consider why it has been called one of the most significant.
Identify 2 or 3 specific political conditions : Identify 2 or 3 specific political conditions, influences, events happening in the US and in Global environment (any country they operate in) that may benefit o
What is the amount to be paid for goodwill : The goodwill is determined by capitalizing average net earnings at 10%. What is the amount to be paid for Goodwill
What is the gain on sale of equipment to be recognized : The present value of an ordinary annuity of 1 at 12% is 5.65 for ten periods and 5.33 for nine periods. What is the gain on sale of equipment to be recognized?
Discuss the rise of the warrior class in japan : Issues of religion have been in the news lately. What do you think the role of organized religious institutions should be in influencing public policy in the US
Relationship between cyber security and risk management : ase on your article review and the assigned reading, discuss the relationship between cyber security and risk management.
Compute the investment balance in hayde company : Hayde reported net income of P10,500,000 and paid cash dividend of P6,000,000. Compute the investment balance in Hayde Company on December 31, 2015

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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