User Account

All Pages

What the total bcvr generated by business combination

Assignment Help Accounting Basics
Reference no: EM133163273

Question - Leather Limited acquired 100% of the share capital of Vinyl Limited for $259 000. Vinyl had total shareholder's equity of $200 000. There is not previously recognised goodwill in Vinyl Limited's accounting book. All assets and liabilities in Vinyl Limited's accounting book are carried at fair value except for the following items:

Asset

Carrying amount

Fair value

Building

150 000

180 000

Machinery

90 000

100 000

Vinyl Limited has not previously recorded an internally generated trademark with a fair value of $40 000 and a contingent liability related to a warranty with a fair value of $10 000. The tax rate is 30%. What the total BCVR generated by business combination valuation entries?

Reference no: EM133163273

Questions Cloud

Cityside embraces the access-and-legitimacy perspective : Cityside embraces the access-and-legitimacy perspective, more popularly known as the "business case for diversity,", which views diversity as a resource that en
Four key roles of hr : hat are the barriers of following all the four key roles of HR as defined by Dave Ulrich in Bangladeshi context? Explain with examples.
Describe the indigenous populations : Read Vasco da Gama's "Round Africa to India" and Christopher Columbus' "Extracts from Journal" from the Fordham's Internet History Sourcebook.
Describe what ikea does as a company : Describe what IKEA does as a company (products, services etc.).
What the total bcvr generated by business combination : Vinyl had total shareholder's equity of $200 000. What the total BCVR generated by business combination valuation entries
Request and-supply hypothesis : Market balance happens where amount provided approaches amount requested, the convergence of the organic market bends in the figure above.
Replacing a formal appraisal system with conversations : 1. What are the advantages/disadvantages of replacing a formal appraisal system with conversations?
Connection of every individual purchaser : For a given market of a product, request is the connection of the amount that all purchasers would be ready to buy at every unit cost of the upside. Request is
Explain the personal biases and prejudices : Consider your personal biases and prejudices. This is an opportunity for you to assess and understand your unconscious, or automatic, cognitive processing. What

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the accounts receivable turnover ratio

Compute the following ratios at December, Kinder Company has these comparative balance sheet

  What were the total assets at the end of the financial year

Does Woolworths Ltd use historical cost accounting or some other basis? What were the total assets at the end of the financial year? State the accounting equation for Woolworths Ltd in dollar figures at balance date for the end and beginning of the ..

  Point co purchased 90 of sharpe corps voting stock on

point co. purchased 90 of sharpe corp.s voting stock on january 1 20x2 for 5580000. prior to the acquisition point held

  Prepare the general journal entries

Prepare the general journal entries - On 30 June 2022, the directors decided to transfer $4,000,000 from the general reserve to the retained earnings

  Determine the purpose of analytical procedures of audit

Determine the purpose of analytical procedures of audit,contrast the purposes of (1) preliminary analytical procedures and (2) analytical procedures performed

  Record the redemption of the bonds assuming that interest

On January 1, 2012, when the carrying value of the bonds was $832,000, the company redeemed the bonds at 105. Record the redemption of the bonds assuming that interest for the period has already been paid.

  Prepare the journal entry to record income tax expense

Prepare the journal entry to record income tax expense, deferred income tax and income tax payable for 20x1, assuming an income tax rate of 40% for all years

  Record the difference of the sale price of a building

Record the difference of the sale price of a building

  Prepare a communication for the employees

The Director of Finance, Tina Colin, has requested that you, as the Payroll Manager, prepare a communication for the employees

  What transaction price per gallon should Chlorine use

Chlorine Corp. estimates that the aquatic center will use 1,400 gallons of chemicals. What transaction price per gallon should Chlorine use for this contract

  Explain briefly at least one potential fraud

Explain briefly at least one potential fraud for the following transaction cycles - be it fraudulent financial reporting or misappropriation of assets

  How do i figure out taxes associated with stock purchased

I really want to understand how to work this problem out from start to finish.  It is a short term gain of 200 dollars.

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