Homework Answers
Goodwill
= Consideration paid - Fair value of net assets
= 69,800 - [(24,000+52,000+5,900)-(13,300+21,700)]
= 69,800 - 46,900
= 22,900
Add Answer to:
New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $69,800 in...
On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation...
On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,000,000 in cash. The book values and fair values of Barney's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $ 7,000,000 12,000,000 1,100,000 5,000,000 7,000,000 Fair Value $ 8,500,000 15,000,000 1,600,000 5,000,000 6,500,000 Required: Calculate the amount paid for goodwill. Goodwill
On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation...
On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,400,000 in cash. The book values and fair values of Barney’s assets and liabilities were as follows: Book Value Fair Value Current assets $ 6,400,000 $ 7,900,000 Property, plant, and equipment 11,400,000 14,400,000 Other assets 1,040,000 1,540,000 Current liabilities 4,400,000 4,400,000 Long-term liabilities 6,400,000 5,900,000 Required: Calculate the amount paid for goodwill.
On March 31, 2016, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation...
On March 31, 2016, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,000,000 in cash. The book values and fair values of Barney’s assets and liabilities were as follows: Book Value Fair Value Current assets $ 6,000,000 $ 7,500,000 Property, plant, and equipment 11,000,000 14,000,000 Other assets 1,000,000 1,500,000 Current liabilities 4,000,000 4,000,000 Long-term liabilities 6,000,000 5,500,000 Required: Calculate the amount paid for goodwill.
Mainline Produce Corporation acquired all the outstanding common stock of iceberg Lettuce Corporation for $39.000.000 in...
Mainline Produce Corporation acquired all the outstanding common stock of iceberg Lettuce Corporation for $39.000.000 in cash The book values and fair values of Iceberg's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $14,88e, eee 28. zee.eee 4.8ee.eee 9.280.eas 14,889,808 Fair Value $17,980, 34,200,000 5,880.800 9.229.99 13,800,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions (.e. 5,000,000 should be entered as 5).) Amount paid...
On March 31, year 1, Michael Brothers Corporation acquired all of the outstanding common stock of...
On March 31, year 1, Michael Brothers Corporation acquired all of the outstanding common stock of Moser Corporation for $20,000,000 in cash. The book values and fair values of Moser's assets and liabilities were as follows: Book Value Fair Value Current assets Property, plant, and equipment $5,000,000 10,000,000 2,000,000 3,000,000 7,000,000 $ 8,000,000 13,000,000 3,000,000 Other assets Current liabilities 3,000,000 Long-term liabilities 5,000,000 Required: Calculate the amount paid for goodwill.
Mainline Produce Corporation acquired all the outstanding common stock of loeberg Lettuce Corporation for $33,000,000 in...
Mainline Produce Corporation acquired all the outstanding common stock of loeberg Lettuce Corporation for $33,000,000 in cash. The book values and fair values of loeberg's assets and liabilities were a follows: Far Value $ Current assets Property plant and equipment Other assets Current liabilities Long-term i s Book Value 12.200.000 $ 227.000.000 3,000,000 8,200.000 14,800.000 8,200,000 13,800,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions Amount paid for good milion
Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $12,560,000 in cash....
Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $12,560,000 in cash. The book value of Smith’s net assets (assets minus liabilities) was $9,100,000. The fair values of all of Smith’s assets and liabilities were equal to their book values with the following exceptions: Book Value Fair Value Receivables $ 2,600,000 $ 2,270,000 Property, plant, and equipment 9,300,000 10,830,000 Intangible assets 330,000 1,460,000 1. Required: Calculate the amount paid for goodwill.____________________?
please show work son Corporation acquired all of the outstanding common stock of Smith Corporation or...
please show work
son Corporation acquired all of the outstanding common stock of Smith Corporation or 12,920,000 in cash. The book value of Smith's net assets (assets minus liabilities) was $9,400,000. The fair values of all of Smith's assets and liabilities were equal to their book values with the following exceptions: Book Value Fair Value $2,900,000 S 2,540,000 Property, plant, and equipment 9,600,000 11,160,000 360,000 1,520,000 Receivables Intangible assets Required: 1. Calculate the amount paid for goodwill. 2. Prepare the...
Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $32,000,000 in...
Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $32,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows: Book Value Fair Value Current assets $12,600,000 $15,600,000 Property, plant, and 25,200,000 25. 200 31,200,000 equipment Other assets 4,200,000 5,200,000 Current liabilities 8,000,000 8,000,000 Long-term liabilities 15,000,000 14,000,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 5,000,000 should be entered as 5).) Amount paid...
Exercise 10-6 Goodwill [LO10-1) On March 31, 2018, Wolfson Corporation acquired all of the outstanding common...
Exercise 10-6 Goodwill [LO10-1) On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,900,000 in cash The book values and fair values of Barney's assets and liabilities were as follows: Current assets Property, plant, and equipment Other sta Current liabilities Long-term liabilities Book Value $6,900,000 11,900,000 1,090,000 4,900,000 6, 900,000 Fair Value $8,400,000 11,900,000 1.590,000 1.900.000 5,400,000 Required: Calculate the amount paid for goodwill Goodwil
On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,000,000 in cash. The book values and fair values of Barney's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $ 7,000,000 12,000,000 1,100,000 5,000,000 7,000,000 Fair Value $ 8,500,000 15,000,000 1,600,000 5,000,000 6,500,000 Required: Calculate the amount paid for goodwill. Goodwill
Mainline Produce Corporation acquired all the outstanding common stock of iceberg Lettuce Corporation for $39.000.000 in cash The book values and fair values of Iceberg's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $14,88e, eee 28. zee.eee 4.8ee.eee 9.280.eas 14,889,808 Fair Value $17,980, 34,200,000 5,880.800 9.229.99 13,800,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions (.e. 5,000,000 should be entered as 5).) Amount paid...
On March 31, year 1, Michael Brothers Corporation acquired all of the outstanding common stock of Moser Corporation for $20,000,000 in cash. The book values and fair values of Moser's assets and liabilities were as follows: Book Value Fair Value Current assets Property, plant, and equipment $5,000,000 10,000,000 2,000,000 3,000,000 7,000,000 $ 8,000,000 13,000,000 3,000,000 Other assets Current liabilities 3,000,000 Long-term liabilities 5,000,000 Required: Calculate the amount paid for goodwill.
Mainline Produce Corporation acquired all the outstanding common stock of loeberg Lettuce Corporation for $33,000,000 in cash. The book values and fair values of loeberg's assets and liabilities were a follows: Far Value $ Current assets Property plant and equipment Other assets Current liabilities Long-term i s Book Value 12.200.000 $ 227.000.000 3,000,000 8,200.000 14,800.000 8,200,000 13,800,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions Amount paid for good milion
please show work
son Corporation acquired all of the outstanding common stock of Smith Corporation or 12,920,000 in cash. The book value of Smith's net assets (assets minus liabilities) was $9,400,000. The fair values of all of Smith's assets and liabilities were equal to their book values with the following exceptions: Book Value Fair Value $2,900,000 S 2,540,000 Property, plant, and equipment 9,600,000 11,160,000 360,000 1,520,000 Receivables Intangible assets Required: 1. Calculate the amount paid for goodwill. 2. Prepare the...
Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $32,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows: Book Value Fair Value Current assets $12,600,000 $15,600,000 Property, plant, and 25,200,000 25. 200 31,200,000 equipment Other assets 4,200,000 5,200,000 Current liabilities 8,000,000 8,000,000 Long-term liabilities 15,000,000 14,000,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 5,000,000 should be entered as 5).) Amount paid...
Exercise 10-6 Goodwill [LO10-1) On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,900,000 in cash The book values and fair values of Barney's assets and liabilities were as follows: Current assets Property, plant, and equipment Other sta Current liabilities Long-term liabilities Book Value $6,900,000 11,900,000 1,090,000 4,900,000 6, 900,000 Fair Value $8,400,000 11,900,000 1.590,000 1.900.000 5,400,000 Required: Calculate the amount paid for goodwill Goodwil
Most questions answered within 3 hours.
-
If a lossless transformer has 1000 turns for a primary winding
and 100 turns for the...
asked 21 seconds ago -
Write the net ionic equation for the precipitation reaction that
occurs when aqueous solutions of potassium...
asked 9 minutes ago -
it
should be written in c++
Your program should take numbers from the user until the...
asked 15 minutes ago -
Buses are powered by chemical reactions. Define matter and the
four states of matter. What is...
asked 32 minutes ago -
Use conservation of energy to find the velocity of a free point
charge q1 at 22cm...
asked 39 minutes ago -
First, describe policies promoted by governments of the
political right to address economic globalization. Second, describe...
asked 57 minutes ago -
M2-9 Completing T-Accounts LO2-4
Following are the transactions of Dennen, Inc., for the month of
January....
asked 57 minutes ago -
Write a program using python that reads from values from a text
file and plots them...
asked 58 minutes ago -
Look up the density of
the metal of the object used in parts A and B...
asked 57 minutes ago -
Discuss strategic considerations that Amazon and NYC politicians
had. Analyze why the deal between Amazon and...
asked 1 hour ago -
A combustion reaction is describes as a carbon source reacting
with oxygen and producing carbon dioxide...
asked 1 hour ago -
Buckminsterfullerence is a recently allotrope of carbon in which
carbon atoms form molecules of formula C_60,...
asked 1 hour ago