Homework Answers
rate positively ..
| Computation of fair value of asset acquired | ||||
| Current asset | 12,200,000 | |||
| PPE | 22,000,000 | |||
| Other asset | 3,800,000 | |||
| Less; Current liabilities | (8,200,000) | |||
| Less: Long term liabilities | (14,800,000) | |||
| A | Net fair value of asset acquired = | 15,000,000 | ||
| B | Amount paid = | 33,000,000 | ||
| C=B-A | Good will = | 18,000,000 | ||
| Therefore answer = | 18 million | |||
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please show work son Corporation acquired all of the outstanding common stock of Smith Corporation or...
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please show work
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