Explain amount of goodwill will be reported in consolidated, Accounting Basics

+44 141 628 6080
[email protected]

Explain amount of goodwill will be reported in consolidated

Plummet Corporation reported the book value of its net assets at $400,000 when Zenith Corporation acquired 100 percent ownership. The fair value of Plummet's net assets was determined to be $510,000 on that date.

Based on the preceding information, what amount of goodwill will be reported in consolidated financial statements presented immediately following the combination if Zenith paid $500,000 for the acquisition?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain amount of goodwill will be reported in consolidated

Reference No:- TGS0558215

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : How the materials are placed in process during production

The charges to Work in Process-Baking Department for a period as well as information concerning production are as follows.

Q : What amount of these costs should be expensed

One company purchases all of the outstanding shares of another company. The acquiring company incurs the following costs to make this purchase: $300,000 to outside accountants and attorneys as direct consolidation costs.

Q : Find expected value of stock-s rate of return

The market is expected to rise over the coming year. For a stock with a Beta of -0.8 : the expected value of the stock's rate of return will exceed the market rate of return in the coming year.

Q : Net income-roa-roe

Tinker's Bells has sales of $27 million, total assets of $19 million, and total debt of $6.4 million. If the profit margin is 8 percent, what is net income? What is ROA? What is ROE?

Q : Explain amount of goodwill will be reported in consolidated

Q : Explain the benefits expected from using the office space

On January 1, 2013, Sweetwater Furniture Company leased office space under a 21-year operating lease agreement. The contract calls for annual rent payments on December 31 of each year.

Q : Determining the net income

Using the Du Pont Identity Y3K, Inc., has sales of $4,800, total assets of $2,685, and a debt-equity ratio of 1.20. If its return on equity is 16 percent, what is its net income?

Q : Explain the return for providing long-term financing

On January 1, 2013, NRC Credit Corporation leased equipment to Brand Services under a direct financing lease designed to earn NRC a 12% rate of return for providing long-term financing.

Q : Explain empirical research on capm

Empirical research on CAPM indicates that: Beta is an accurate predictor of a portfolio's future volatility.

1955139

Questions
Asked

3,689

Active Tutors

1458850

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain amount of goodwill will be reported in consolidated

Reference No:- TGS0558215

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How the materials are placed in process during production

Q : What amount of these costs should be expensed

Q : Find expected value of stock-s rate of return

Q : Net income-roa-roe

Q : Explain amount of goodwill will be reported in consolidated

Q : Explain the benefits expected from using the office space

Q : Determining the net income

Q : Explain the return for providing long-term financing

Q : Explain empirical research on capm

How do you define being an adult

Discussion about the nature versus nurture

Describe some of your personality traits

Examine historical literature to the most current period

Problem regarding the america youth and social media

Discuss children diagnosed with developmental disabilities

What is a behavioral indicator related to family

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain amount of goodwill will be reported in consolidated

Reference No:- TGS0558215

Recent Questions Asked Accounting Basics

Q : How the materials are placed in process during production

Q : What amount of these costs should be expensed

Q : Find expected value of stock-s rate of return

Q : Net income-roa-roe

Q : Explain amount of goodwill will be reported in consolidated

Q : Explain the benefits expected from using the office space

Q : Determining the net income

Q : Explain the return for providing long-term financing

Q : Explain empirical research on capm

Asked Questions