Homework Answers
1.
| Computation of the cost of goodwill purchased by Princeton | ||
| $ | $ | |
| Purchase price to acquire Kelleher | 9,000,000.00 | |
| Market value of Kelleher's assets | 20,000,000.00 | |
| Less: Market value of Kelleher's liabilities | (12,000,000.00) | |
| Less: Market value of Kelleher's net assets | 8,000,000.00 | |
| Goodwill | 1,000,000.00 |
2.
| Journal entries | |||
| Transaction | ACCOUNT TITLES AND EXPLANATIONS | DEBIT ($) | CREDIT ($) |
| 1 | Assets | 20,000,000.00 | |
| Goodwill | 1,000,000.00 | ||
| Liabilities | 12,000,000.00 | ||
| Cash | 9,000,000.00 | ||
| (To record purchase of Kelleher by Princeton) | |||
Add Answer to:
R Chapter 10, Problem 26E 2 Bookmarks Show all steps: ON ? Problem Measuring and recording...
IUL ILA J. E9-26 Measuring and recording goodwill Princeton has acquired several other companies. Assume that Princ...
IUL ILA J. E9-26 Measuring and recording goodwill Princeton has acquired several other companies. Assume that Princeton purchased Kelleher for $9,000,000 cash. The book value of Kelleher's assets is $19,000,000 (market value, $20,000,000), and it has liabilities of $12,000,000 (market value, $12,000,000) Requirements 1. Compute the cost of the goodwill purchased by Princeton. 2. Record the purchase of Kelleher by Princeton. 20 1 7 IM!
thank you Potters has acquired several other companies. Assume that Potters purchased Kelleher for $12,000,000 cash....
thank you
Potters has acquired several other companies. Assume that Potters purchased Kelleher for $12,000,000 cash. The book value of Kelleher's assets is $12,000,000 (market value, $18,000,000), and it has liabilities of $11,000,000 (market value, $11,000,000). Requirements Compute the cost of goodwill purchased by Potters Record the purchase of Kelleher by Potters. 2. Requirement 1. Compute the cost of goodwill purchased by Potters Purchase price to acquire Kelleher Market value of Kelleher's assets Less: Market value of Kelleher's liabilities Less:...
thank you Potters has acquired several other companies. Assume that Potters purchased Kelleher for $12,000,000 cash....
thank you
Potters has acquired several other companies. Assume that Potters purchased Kelleher for $12,000,000 cash. The book value of Kelleher's assets is $12,000,000 (market value, $18,000,000), and it has liabilities of $11,000,000 (market value, $11,000,000). Requirements Compute the cost of goodwill purchased by Potters Record the purchase of Kelleher by Potters. 2. Requirement 1. Compute the cost of goodwill purchased by Potters Purchase price to acquire Kelleher Market value of Kelleher's assets Less: Market value of Kelleher's liabilities Less:...
Patton has acquired several other companies. Assume that Patton purchased Kittery for $11,000,000 cash. The book...
Patton has acquired several other companies. Assume that Patton purchased Kittery for $11,000,000 cash. The book value of Kittery's assets is $16,000,000 (market value, $18,000,000). and it has liabilities of $12,000,000 (market value, $12,000,000). Requirements 1. Compute the cost of goodwill purchased by Patton. Record the purchase of Kittery by Patton. 2. Requirement 1. Compute the cost of goodwill purchased by Patton. Purchase price to acquire Kittery Market value of Kittery's assets Less: Market value of Kittery's liabilities Less: Market...
On January 2, 2017, Snug Clothing Consignments purchased showroom fixtures for $12,000 cash, expecting the fixtures...
On January 2, 2017, Snug Clothing Consignments purchased showroom fixtures for $12,000 cash, expecting the fixtures to remain in service for five years. Snug has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On September 30, 2018, Snug sold the fixtures for $6,500 cash. Record both depreciation expense for 2018 and sale of the fixtures on September 30, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Note...
Chapter 11, Problem 30P (2 Bookmarks) Show all steps ON Problem Replacement Study A presently owned machine has the pro...
Chapter 11, Problem 30P (2 Bookmarks) Show all steps ON Problem Replacement Study A presently owned machine has the projected market value and M&O costs shown below. An outside vendor of services has offered to provide the service of the existing machine at a fixed price per year. If the presently owned machine is replaced now, the cost of the fixed-price contract will be $33,000 per year. If the presently owned machine is replaced next year or any time after...
! Chapter 7, Problem 12P 0 2 Bookmarks Show all steps: ON Suppose the incidence rate...
! Chapter 7, Problem 12P 0 2 Bookmarks Show all steps: ON Suppose the incidence rate of myocardial infarction (MI) was 5 per 1000 among 45- to 54-year- old men in 2000. To look at changes in incidence over time, 5000 men in this age group were followed for 1 year starting in 2010. Fifteen new cases of MI were found. Using the gritical value method with a = .05, test the hypothesis that incidence rates of MI changed from...
Chapter 10.1, Problem 9E 2 Bookmarks Show all steps: ON < Exercise deal with data from...
Chapter 10.1, Problem 9E 2 Bookmarks Show all steps: ON < Exercise deal with data from the U.S. Bureau of the Census on populations of major cities These data allow us to find how fast the population is growing and when it will reach certain levels. Such calculations are very important, because they indicate the future needs of the population for goods and services and how well the area can support the population a. Develop the model that represents the...
Chapter 15, Problem 2P (3 Bookmarks) Show all steps. equivalent base conditions Figure Segment for Problem 2.500 f1...
Chapter 15, Problem 2P (3 Bookmarks) Show all steps. equivalent base conditions Figure Segment for Problem 2.500 f1 2000 pc/h 800 pc/h 600 p (a) Describe the critical characteristics of the segment 1,000 pc (b) What is the expected LOS for these conditions? (c) What is the capacity of the weaving section under equivalent ideal conditions? (d) If all demands include 10% trucks in rolling terrain, and all drivers are assumed to be famil with the facility, and the PHF...
Chapter 8, Problem 50P 4 Bookmarks Show all steps: OFF O Problem Apply retrosynthetic analysis to...
Chapter 8, Problem 50P 4 Bookmarks Show all steps: OFF O Problem Apply retrosynthetic analysis to guide the preparation of each of the following compounds from the indicated starting material, then write out the synthesis showing the necessary reagents. (a) 1-Propanol from 2-propanol (b) 1,2-Dibromopropane from 2-bromopropane (c) 1-Bromo-2-propanol from 2-propanol (d) 1-Bromo-2-methyl-2-propanol from tert-butyl bromide (e) 1,2-Epoxypropane from 2-propanol (1) tert-Butyl alcohol from isobutyl alcohol (9) fert-Butyl iodide from isobutyl iodide (h) trans-2-Chlorocyclohexanol from cyclohexyl chloride
IUL ILA J. E9-26 Measuring and recording goodwill Princeton has acquired several other companies. Assume that Princeton purchased Kelleher for $9,000,000 cash. The book value of Kelleher's assets is $19,000,000 (market value, $20,000,000), and it has liabilities of $12,000,000 (market value, $12,000,000) Requirements 1. Compute the cost of the goodwill purchased by Princeton. 2. Record the purchase of Kelleher by Princeton. 20 1 7 IM!
thank you
Potters has acquired several other companies. Assume that Potters purchased Kelleher for $12,000,000 cash. The book value of Kelleher's assets is $12,000,000 (market value, $18,000,000), and it has liabilities of $11,000,000 (market value, $11,000,000). Requirements Compute the cost of goodwill purchased by Potters Record the purchase of Kelleher by Potters. 2. Requirement 1. Compute the cost of goodwill purchased by Potters Purchase price to acquire Kelleher Market value of Kelleher's assets Less: Market value of Kelleher's liabilities Less:...
thank you
Potters has acquired several other companies. Assume that Potters purchased Kelleher for $12,000,000 cash. The book value of Kelleher's assets is $12,000,000 (market value, $18,000,000), and it has liabilities of $11,000,000 (market value, $11,000,000). Requirements Compute the cost of goodwill purchased by Potters Record the purchase of Kelleher by Potters. 2. Requirement 1. Compute the cost of goodwill purchased by Potters Purchase price to acquire Kelleher Market value of Kelleher's assets Less: Market value of Kelleher's liabilities Less:...
Patton has acquired several other companies. Assume that Patton purchased Kittery for $11,000,000 cash. The book value of Kittery's assets is $16,000,000 (market value, $18,000,000). and it has liabilities of $12,000,000 (market value, $12,000,000). Requirements 1. Compute the cost of goodwill purchased by Patton. Record the purchase of Kittery by Patton. 2. Requirement 1. Compute the cost of goodwill purchased by Patton. Purchase price to acquire Kittery Market value of Kittery's assets Less: Market value of Kittery's liabilities Less: Market...
On January 2, 2017, Snug Clothing Consignments purchased showroom fixtures for $12,000 cash, expecting the fixtures to remain in service for five years. Snug has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On September 30, 2018, Snug sold the fixtures for $6,500 cash. Record both depreciation expense for 2018 and sale of the fixtures on September 30, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Note...
Chapter 11, Problem 30P (2 Bookmarks) Show all steps ON Problem Replacement Study A presently owned machine has the projected market value and M&O costs shown below. An outside vendor of services has offered to provide the service of the existing machine at a fixed price per year. If the presently owned machine is replaced now, the cost of the fixed-price contract will be $33,000 per year. If the presently owned machine is replaced next year or any time after...
! Chapter 7, Problem 12P 0 2 Bookmarks Show all steps: ON Suppose the incidence rate of myocardial infarction (MI) was 5 per 1000 among 45- to 54-year- old men in 2000. To look at changes in incidence over time, 5000 men in this age group were followed for 1 year starting in 2010. Fifteen new cases of MI were found. Using the gritical value method with a = .05, test the hypothesis that incidence rates of MI changed from...
Chapter 10.1, Problem 9E 2 Bookmarks Show all steps: ON < Exercise deal with data from the U.S. Bureau of the Census on populations of major cities These data allow us to find how fast the population is growing and when it will reach certain levels. Such calculations are very important, because they indicate the future needs of the population for goods and services and how well the area can support the population a. Develop the model that represents the...
Chapter 15, Problem 2P (3 Bookmarks) Show all steps. equivalent base conditions Figure Segment for Problem 2.500 f1 2000 pc/h 800 pc/h 600 p (a) Describe the critical characteristics of the segment 1,000 pc (b) What is the expected LOS for these conditions? (c) What is the capacity of the weaving section under equivalent ideal conditions? (d) If all demands include 10% trucks in rolling terrain, and all drivers are assumed to be famil with the facility, and the PHF...
Chapter 8, Problem 50P 4 Bookmarks Show all steps: OFF O Problem Apply retrosynthetic analysis to guide the preparation of each of the following compounds from the indicated starting material, then write out the synthesis showing the necessary reagents. (a) 1-Propanol from 2-propanol (b) 1,2-Dibromopropane from 2-bromopropane (c) 1-Bromo-2-propanol from 2-propanol (d) 1-Bromo-2-methyl-2-propanol from tert-butyl bromide (e) 1,2-Epoxypropane from 2-propanol (1) tert-Butyl alcohol from isobutyl alcohol (9) fert-Butyl iodide from isobutyl iodide (h) trans-2-Chlorocyclohexanol from cyclohexyl chloride
Most questions answered within 3 hours.
-
You have a new site that your company just purchased. When you
inspected the site, you...
asked 3 minutes ago -
Do you think that anyone requesting a sex change operation
should be entitled to receive one...
asked 10 minutes ago -
buffer chosen: phosphate, pH before addition of base 7.21 after
addition of base 8.87
1) What...
asked 8 minutes ago -
A firm is considering the purchase of a machine which would
represent an investment of $23...
asked 11 minutes ago -
Flower colour in a plant species is determined by two genes,
gene B and gene P....
asked 14 minutes ago -
findWordCrossIndex(horizontalWord, verticalWord) This function
finds and returns the index in the string "horizontalWord" of the
first...
asked 17 minutes ago -
evaluate the statements below and select those that correctly apply
to the role of PAMPs and...
asked 23 minutes ago -
Congratulations! You have just won the Lottery. The Lottery
Commission informs you that you can choose...
asked 29 minutes ago -
bulk flow (in respiration) moves blood from?
Air in and out of lungs?
air into lungs?...
asked 34 minutes ago -
Which of the following describes a private network?
1. A wide area network (WAN) linking sites...
asked 48 minutes ago -
The purpose of this
lab: Wireshark Intro Lab
is to get students
familiar with the use of...
asked 57 minutes ago -
Question 3
A 50 percent deduction is allowed for amounts paid or incurred for
dues and...
asked 55 minutes ago