When the fair value of assets is higher than the book value, how would you recognize goodwill
Question:
When the fair value of assets is higher than the book value, how would you recognize goodwill in the books of the acquirer?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
When the fair value of assets is higher than the book value it may result in the recognition of good...View the full answer
Answered By
Deepak Sharma
0.00
0 Reviews
10+ Question Solved
Related Book For
Introduction To Management Accounting
ISBN: 9781292412566
17th Edition, Global Edition
Authors: Charles Horngren, Gary L Sundem, Dave Burgstahler
Question Posted:
Students also viewed these Business questions
-
On October 12, 2018, E. I. du Pont de Nemours and Company (the company or DuPont) concluded that non-cash impairment charges are required under generally accepted accounting principles of the United...
-
1. A company acquires a subsidiary and will prepare consolidated financial statements for external reporting purposes. For internal reporting purposes, the company has decided to apply the initial...
-
1. A company acquires a subsidiary and will prepare consolidated financial statements for external reporting purposes. For internal reporting purposes, the company has decided to apply the initial...
-
The Wall Street Journal Corporate Perceptions Study 2011 surveyed readers and asked how each rated the quality of management and the reputation of the company for over 250 worldwide corporations....
-
In 2008, the sales tax in Cook County, Illinois, was doubled. One journalist speculated that the tax increase was enacted because government officials sensed that the tax base was more captive than...
-
ABC Company was founded in 20X1 and had the following taxable income through 20X6: Year Taxable Income 20X1 $290,000 20X2 $180,000 20X3 $80,000 20X4 -$580,000 20X5 $440,000 20X6 $620,000 Apply the...
-
A four stroke six cylinder engine with stroke volume of 1.75 litres develops \(26.25 \mathrm{~kW}\). The mean effective pressure is 6 bar. Find speed of the engine.
-
The Walston Company is to be liquidated and has the following liabilities: Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,000 Notes payable...
-
1: In a short paragraph, examine what the term economics actually is. In your description, be sure to relate why scarcity exists, how society gets resources, and how people make decisions on how to...
-
One model A1100 Kawasaki Jet Ski Personal Watercraft was sold for cash. This model retails for $9,375.00 plus 8% sales tax ($9,375.00 x 8% = $750.00). Invoice Number: G4011. Because a perpetual...
-
When will goodwill on a balance sheet be reduced?
-
What is a noncontrolling interest?
-
In SQL, specify the following queries on the database specified in Figure 3.5 using the concept of nested queries and the concepts described in this chapter. a. Retrieve the names of all employees...
-
Complete the following table according to the graph Domain Range Intervals of Increase Intervals of Decrease Location of Discontinuities/asymptotes Zeros (x-intercepts) y-intercept Symmetry ...
-
6. Diving bells provide a method of transporting divers while under pressure and of supplying breathing gas to the diver. Diving bells may have an open bottom (i.e., a "wet" bell) or closed. Consider...
-
CLIENT ORGANISATION Name of client organisation: Website: DETAILS Philanthropy Australia https://www.philanthropy.org.au/ Contact person: Project Title: ORGANISATIONAL BACKGROUND Title Executive...
-
What background information about the person's behavior would be relevant to you as you devise a strategy for their reentry into society? What resources would you provide the client to empower them...
-
A steel block has a mass of 4.73 kg and slides along a smooth, level surface at 55 m/s. Find its kinetic energy. Answer in units of J. part 2 of 2 Initially the block was at rest on the sur- face. A...
-
Go to the library and look up annual data for population in the United States from 1981 through 2004. One good source for such data is the Economic Report of the President, published each year by the...
-
Using the information presented in Problem 13.4B, prepare a partial statement of cash flows for the current year, showing the computation of net cash flows from operating activities using the...
-
Study Appendix 7. How do spreadsheets aid the application of sensitivity analysis?
-
Fill In the Blanks Enter the word or phrase that best completes each sentence. 1. The financial budget process includes the following budgets: a. ______ b. ______ c. ______ 2. The master budget...
-
Blake and Anna Carlson are preparing a plan to submit to venture capitalists to fund their business, Music Masters. The company plans to spend $380,000 on equipment in the first quarter of 20X7....
-
How would you implement your public health campaign on teenage vaping . you may explain two potential barriers that might impact the implementation process and one way you might address one barrier....
-
Please help me with this: In the given reference, which IT function should be segregated from the other function (at least 3)? Why is it important to segregate duties of the following IT functions?...
-
Klijo Limited manufactures three products (A, B and C), with relevant information about each product shown in the table below: Product A B C Demand (units) 220 120 50 Sales price per unit ($) 1440...
Study smarter with the SolutionInn App