What amount of Goodwill will be reported?
A. 23,000
B. 58,000
C. 0
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What amount of Goodwill will be reported?
A. 23,000
B. 58,000
C. 0
Required information [The...
Pace Corporation acquired 100 percent of Spin Company's common stock on January 1, 20X9. Balance sheet...
Pace Corporation acquired 100 percent of Spin Company's common stock on January 1, 20X9. Balance sheet data for the two companies immediately following the acquisition follows: Item Pace Corporation Spin Company Cash $ 30,000 $ 25,000 Accounts Receivable 80,000 40,000 Inventory 150,000 55,000 Land 65,000 40,000 Buildings and Equipment 260,000 160,000 Less: Accumulated Depreciation (120,000 ) (50,000 ) Investment in Spin Company Stock 150,000 Total Assets $ 615,000 $ 270,000 Accounts Payable $45,000 $33,000 Taxes Payable 20,000 8,000 Bonds Payable...
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $216,000....
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $216,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition orporation Corporation Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock Total Assets Liabilities and Stockholders' Equity Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ 68,000 86,eee 120,000 223,000 216,000 $713,000 $ 19,00...
On December 31, 20X9, Add-On Company acquired 100 percent of Venus Corporation's common stock for $300,000....
On December 31, 20X9, Add-On Company acquired 100 percent of Venus Corporation's common stock for $300,000. Balance sheet information for Venus just prior to the acquisition is given here: Cash and Receivables $35,000 Inventory $75,000 Land $100,000 Buildings and Equipment (net) $220,000 Total Assets $430,000 Accounts Payable $65,000 Bonds Payable $150,000 Common Stock $100,000 Retained Earnings $115,000 Total Liabilities and Stockholders·Equity $430,000 At the date of the business combination, Venus's net assets and liabilities approximated fair value except for inventory,...
Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31, 20X2, for $239,000....
Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31, 20X2, for $239,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Item Plump Corporation Slim Corporation Cash $ 26,000 $ 18,000 Accounts Receivable 89,000 48,000 Inventory 114,000 60,000 Buildings & Equipment (net) 230,000 158,000 Investment in Slim Corporation Stock 239,000 Total Assets $ 698,000 $ 284,000 Accounts Payable $ 89,000 $ 18,000 Notes Payable 132,000 65,000...
Check my work Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31,...
Check my work Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31, 20X2, for $222,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Corporation $ 22,000 41,000 63,000 157,000 Ites Cash Accounts Receivable Inventory Buildings & Equipment (net) Investment in Slim Corporation Stock Total Assets Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities & Stockholders' Equity Plump Corporation $ 30,000 103,000 119,000 225,000...
Project: Using Microsoft Excel, prepare CONSOLIDATION WORKSHEET (spreadsheet) for Salmon and Perch. See project details below....
Project: Using Microsoft Excel, prepare CONSOLIDATION WORKSHEET (spreadsheet) for Salmon and Perch. See project details below. o On December 31, 20X8, Defoe Corporation acquired 80 percent of Crusoe Company's common stock for $104,000 cash. The fair value of the non-controlling interest at that date was determined to be $26,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Defoe Corporation $90,000 80,000 100,000 40,000 300,000 (100,000) 104,000 $614,000 $120,000 200,000...
On January 1, 20X2, Plend Corporation acquired all of Stork Corporation's assets and liabilities by issuing...
On January 1, 20X2, Plend Corporation acquired all of Stork Corporation's assets and liabilities by issuing shares of its common stock. Partial balance sheet data for the companies prior to the business combination and immediately following the combination are as follows: Plend Corp. Stork Corp. Book Value Book Value Combined Entity Assets Cash $ 40,000 $ 10,000 $ 50,000 Accounts Receivable 60,000 30,000 88,000 Inventory 50,000 35,000 96,000 Buildings & Equipment (net) 300,000 110,000 430,000 Goodwill ? Total Assets $...
On January 1, 20X2, Plend Corporation acquired all of Stork Corporation's assets and liabilities by issuing...
On January 1, 20X2, Plend Corporation acquired all of Stork Corporation's assets and liabilities by issuing shares of its common stock. Partial balance sheet data for the companies prior to the business combination and immediately following the combination are as follows: Plend Corp. Stork Corp. Book Value Book Value Combined Entity Assets Cash $ 40,000 $ 10,000 $ 50,000 Accounts Receivable 60,000 30,000 88,000 Inventory 50,000 35,000 96,000 Buildings & Equipment (net) 300,000 110,000 430,000 Goodwill ? Total Assets $...
Project: Using Microsoft Excel, prepare CONSOLIDATION WORKSHEET (spreadsheet) for Salmon and Perch. See project details...
Project: Using Microsoft Excel, prepare CONSOLIDATION
WORKSHEET (spreadsheet) for Salmon and
Perch. See project details below.
o On December 31, 20X8, Defoe Corporation acquired 80 percent of
Crusoe Company's common
stock for $104,000 cash. The fair value of the non-controlling
interest at that date was determined to be $26,000. Data from the
balance sheets of the two companies included the following amounts
as of the date of acquisition:
On that date, the book values of Crusoe's assets and liabilities...
Free Answer (8 pts) 1.On December 31, 20X8, Parkway Corporation acquired 80 percent of Street Company's...
Free Answer (8 pts) 1.On December 31, 20X8, Parkway Corporation acquired 80 percent of Street Company's common stock for $104,000 cash. The fair value of the noncontrolling interest at that date was determined to be $26,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Df P- V 130- 45 130,000 Tate Street Parkway Corp $ Company 20,000 35,000 40,000 60,000 100,000 (40,000) Cash Accounts Receivable 90,000 80,000 100,000 40,000...
Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $216,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition orporation Corporation Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock Total Assets Liabilities and Stockholders' Equity Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ 68,000 86,eee 120,000 223,000 216,000 $713,000 $ 19,00...
Check my work Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31, 20X2, for $222,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Corporation $ 22,000 41,000 63,000 157,000 Ites Cash Accounts Receivable Inventory Buildings & Equipment (net) Investment in Slim Corporation Stock Total Assets Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities & Stockholders' Equity Plump Corporation $ 30,000 103,000 119,000 225,000...
Project: Using Microsoft Excel, prepare CONSOLIDATION WORKSHEET (spreadsheet) for Salmon and Perch. See project details below. o On December 31, 20X8, Defoe Corporation acquired 80 percent of Crusoe Company's common stock for $104,000 cash. The fair value of the non-controlling interest at that date was determined to be $26,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Defoe Corporation $90,000 80,000 100,000 40,000 300,000 (100,000) 104,000 $614,000 $120,000 200,000...
Project: Using Microsoft Excel, prepare CONSOLIDATION
WORKSHEET (spreadsheet) for Salmon and
Perch. See project details below.
o On December 31, 20X8, Defoe Corporation acquired 80 percent of
Crusoe Company's common
stock for $104,000 cash. The fair value of the non-controlling
interest at that date was determined to be $26,000. Data from the
balance sheets of the two companies included the following amounts
as of the date of acquisition:
On that date, the book values of Crusoe's assets and liabilities...
Free Answer (8 pts) 1.On December 31, 20X8, Parkway Corporation acquired 80 percent of Street Company's common stock for $104,000 cash. The fair value of the noncontrolling interest at that date was determined to be $26,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Df P- V 130- 45 130,000 Tate Street Parkway Corp $ Company 20,000 35,000 40,000 60,000 100,000 (40,000) Cash Accounts Receivable 90,000 80,000 100,000 40,000...
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