Question: 7 What is the Excess Purchase Price based on the following information? Cash consideration = 250,000 Stock consideration = 100,000 Total assets = 600,000 Total

7

What is the Excess Purchase Price based on the following information?

Cash consideration = 250,000

Stock consideration = 100,000

Total assets = 600,000

Total liabilities = 520,000

Existing goodwill = 70,000

Fair value adjustments for identifiable assets = 8,000

Review Later

170,000

70,000

270,000

370,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

You are given a path to a file of comma-separated values (CSV), jobs.csv, which contains people's names and job titles, such as Dancer, Nurse, Pilot, etc. The dataset has two columns: 'name' (a...

Q:

What is the Excess Purchase Price based on the following information? Cash consideration = 250,000 Stock consideration = 100,000 Total assets = 600,000 Total liabilities = 520,000 Existing goodwill =...

Q:

complete the sheet. debit&credit&consolidated On January 1, 2021, Casey Corporation exchanged $3,218,000 cash for 100 percent of the outstanding voting stock of Kennedy Corporation. Casey plans to...

Q:

The step and sults On January 1, 2021, Casey Corporation exchanged $3,218,000 cash for 100 percent of the outstanding voting stock of Kennedy Corporation. Casey plans to maintain Kennedy as a wholly...

Q:

The following financial statements relate to November plc for the financial years ending 31 March.32.4 Limitations of ratios 305 Balance sheets as at 31 March 2009 2010 Fixed assets 000 000 000 000...

Q:

Near the end of 2019, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2019. form a master budget for January, February,...

Q:

2.1.5 (30) FINANCE QUESTION 2 2.1 Use the information provided below to calculate the following ratios and interpret them over the two-year period (2017-2018) taking into consideration the additional...

Q:

Need to prepare statement of cash flow based on the following information provided.(Direct method only). $'000 Revenue 25 600 Cost of sales (14 800) Gross profit 10 800 Distribution costs (4 300)...

Q:

hi, help me answer question 1. I dont understand please help immediately study answer question. NextGen Machinery Ltd ("NextGen) is a well-known public company that manufactures high quality...

Q:

hi, please help understand complete answer question 1. QUESTION 1 (30 MARKS; 54 MINUTES) NextGen Machinery Ltd ("NextGen") is a well-known public company that manufactures high quality woodworking...

Q:

hi, please help me answer this question. QUESTION 1 (30 MARKS; 54 MINUTES) NextGen Machinery Ltd ("NextGen") is a well-known public company that manufactures high quality woodworking tools and...

Q:

Repeat the previous exercise for the following scenarios: a. A principal in a large high school wants to sample student attitudes toward a proposal that seniors must pass a general achievement test...

Q:

7. Bret's Accounting & Tax Services is a small but locally well-known accounting firm in Sioux City, IA which completes taxes for individuals. Every year, firms like Bret's decide how much they will...

Q:

Compute and interpret the coefficient of multiple determination for the variables of Exercise 12.1. on page 450.

Q:

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

Q:

Prepare a strengths, weaknesses, opportunities, and threats analysis (SWOT).

Q:

2. What is the impact of information systems on organizations?

Q:

Evaluate the impact of technology on HR employee services.