Reference no: EM132842223
On 1 January 2020, Nick Ltd acquired all the issued shares (Non cum. div.) of Alan Ltd for $820 000. At that date, the equity of Alan Ltd was recorded at:
Ordinary share capital $400 000
General reserves 250 000
Retained earnings 150 000
On 1 January 2020, the records of Alan Ltd also showed;
Carrying amount Fair value
Land $30,000 $ 40,000
Applicable tax rate of 30%
Problem 1: As per the Acquisition Analysis prepared on 01/01/2020, the Goodwill or gain on bargain purchase would be:
Select one:
a. Goodwill, $13,000
b. Gain on bargain purchase, $13,000
c. Goodwill, $20,000
d. Goodwill, $807,000
|
EAS109 Thermo-Fluid Mechanics Assignment
: EAS109 Thermo-Fluid Mechanics Assignment Help and Solution, Singapore University of Social Sciences - Assessment Writing Service
|
|
What does gross domestic product tell us
: What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it.
|
|
Make journal entries for the company fred at july
: On 1 July 2020, Alex Company leased a vehicle from Fred Company. Make journal entries for the Company Fred (lessor) at 01 July 2020?
|
|
What the pv of the lease payment by company mel
: What the PV of the lease payment by company Mel (lessee) at 1 July 2019? On 1 July 2019, Mel Company leased a vehicle from Ben Company.
|
|
What the goodwill or gain on bargain purchase would be
: As per the Acquisition Analysis prepared on 01/01/2020, the Goodwill or gain on bargain purchase would be? Ordinary share capital $400 000.
|
|
What should be the amount of compensation expense
: Using the fair value method, what should be the amount of compensation expense recorded by Bramble Corp. for these options on December 31, 2018?
|
|
Summarize news item highlighting linkages to relating issuse
: Summarize the news item highlighting linkages to relating issues. Provide a proper reference to the news item, and a link, if available.
|
|
What would you expect the ytm to be after the increase
: The variable cost associated with producing one water bottle is $6 per unit. The water bottle is sold at price of $22. If the company set a goal of making $11,5
|
|
What recognize compensation expense under the fair value
: For 2018, should recognize compensation expense under the fair value method of? Vaughn Manufacturing granted an employee an option to purchase 15000 shares.
|