Homework Answers
(b) $80,000
| Fair Value of PPE | $16,20,000 | =220000+1400000 |
| +Fair Value of Current Assets | $1,50,000 | |
| -Fair Value of Liabilities | -$7,50,000 | |
| Fair Value of Net Assets (a) | $10,20,000 | |
| Purchase Consideration (b) | $11,00,000 | |
| Goodwill (b-a) | $80,000 |
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Question 18-20 are based off this sane chart
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Question 18-20 are based off this sane chart
2019 2018 2017 (At December 31) Current assets Tangible fixed assets Intangible assets. Total assets.. $285,000 662,500 40.000 $987,500 $277.500 575,000 45,000 $897.500 $207.000 563.000 50,000 $320,000 Current liabilities Noncurrent liabilities Common stock Additional pald-in capital Retained earnings Stockholders' equity Total liabilities and equity $120,000 266,250 100,000 100,000 400,000 600,000 $110,000 242,500 100,000 100.000 345,000 545,000 $897500 $100,000 220,000 100,000 100,000 300,000 500,000 $820,000 $986250 2012 2018 (For the years ended December...
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