When Salesforce purchased MuleSoft for $6.4 billion in cash, it acquired assets with a fair market value

Question:

When Salesforce purchased MuleSoft for $6.4 billion in cash, it acquired assets with a fair market value of $1.9 billion and assumed the liabilities of MuleSoft valued at $0.2 billion.

INSTRUCTIONS:
a. How much goodwill was recognized on the acquisition?
b. Describe how this transaction affected the basic accounting equation.

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Financial Accounting

ISBN: 978-1119745327

11th Edition

Authors: Jamie Pratt, Michael F Peters

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Question Posted: May 13, 2022 02:27 AM

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When Salesforce purchased MuleSoft for $6.4 billion in cash, it acquired assets with a fair market value

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Ans A year and a half after getting acquired by Salesforce for 65 billion MuleSoft is beginning to resemble a Salesforce company using its language an...View the full answer

Financial Accounting

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