Homework Answers
1. Purchase price was in excess of 800000, out of this 350000 is attributable to undervalued asset. The remaining goodwill= 800000-350000= 450000
- (a) Cost of goods sold= 658000+451000= 1109000
- (b) Dividend income= 0 (it gets nullified in the consolidated statements)
- (c) Operating expenses= 325000+129000= 454000
- (d) Cash and recivables= 491240+540200= 1031440
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consideration transferred over book value is assigned to...
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interest in Tractors-R-Us Manufacturing, Inc. (TMI). JDE paid for
the transaction with $3 million cash and 500,000 shares of JDE
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consideration transferred over book value is assigned to...
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interest in Tractors-R-Us Manufacturing, Inc. (TMI). JDE paid for
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