Solved: Identifiable intangible assets were included as part of the, Accounting Basics

+44 141 628 6080
[email protected]

Identifiable intangible assets were included as part of the

Company Lights Inc acquires 100% of Company Sands Inc for $130,000 cash. The book value of Company Sands Inc's total equity (net assets)at the time was $110,000. Assuming that the market value of Sands's fixed assets exceeded book value by $20,000 and $5,000 of (previously unrecognized) identifiable intangible assets were included as part of the purchase, how much would be reported as goodwill on the initial consolidated balance sheet?

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Identifiable intangible assets were included as part of the

Reference No:- TGS02602677

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Make whatever assumptions you feel are justified by the

a man who likes cherry blossoms very much wants an urn full of them put on his grave once each year forever after he

Q : Explain the impact of new technology on organizational

1 what is social crm why are some organizations hesitant to implement this advanced information system technology2

Q : Determine the most economical plan for the initial railroad

a railroad branch line to a landfill site is to be constructed it is expected that the railroad line will be used for

Q : Discuss three 3 different motives for collaborative

1 identify at least three 3 important drivers of importing and discuss in detail and give your examples2 discuss three

Q : Identifiable intangible assets were included as part of the

company lights inc acquires 100 of company sands inc for 130000 cash the book value of company sands incs total equity

Q : Perry preschool arrests the perry preschool project

question perry preschool arrests the perry preschool project discussed in found that 8 of the 58 students who attended

Q : The following costs are associated with three tomato

the following costs are associated with three tomato peeling machines being considered for use in a canning plant if

Q : Selected transactions for sophies dog care are as follows

exerciseselected transactions for sophies dog care are as follows during the month of march march1 paid monthly rent of

Q : Assuming 8 interest a 20-year analysis period and no

a steam boiler is needed as part of the design of a new plant the boiler can be fired by natural gas fuel oil or coal a

1937503

Questions
Asked

3,689

Active Tutors

1458149

Questions
Answered

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

ask Question

Asked Questions

What factors contributed to the division of israel

According to the selection we read, what factors contributed to the division of Israel into a northern and southern kingdom? Please be specific

Can religion offer a good answer to the question

Question: Can religion offer a good answer to the question of the meaning of life?

Compare the different understandings of chaos

Problem 1. Compare and contrast the different understandings of Chaos as we see it in the text of Hesiod and Ovid.

Application of your passage following ibs principles

After you complete the evaluation, now is the time for the application of your passage following IBS principles.

How will your work impact creation

Question 1: What does it mean to claim that God is triune and how does this bear upon human life?

How would you define altruism

Question 1: How would you define Altruism? Question 2: Summarize the important concepts presented in your reading.

Explain ropkes thought

In depth, Explain Ropke's thought, and evaluate it including the readings from earlier in the course. Compare and contrast his ideals.