Assignments -202 . CYTO 0.3190 xx-1 CYBN 0.60 -3.23 b Hot Penny Stocks o.. One Plece: WANO. Asset Categories: Th. M Question 4 - Chapt... Purpla Corp. purch... Chapter 9 Assignment (i Saved Help Save & Exit Submit 4 10 points 00:34:13 eBook Print References Purple Corp. purchased all of the listed assets and liabilities of Sudden Corp. for $1,945,000. The following assets and liabilities were purchased: Fair Market Accounts receivables Book Value Value Inventory $215,000 $215,000 Property, plant, and equipment (net) 170,000 282,000 Patent 980,000 1,249,000 Liabilities 0 343,000 (195,000) (195,000) Required: What is the appropriate amount that would be recorded for goodwill? Goodwill purchased 2. Prepare the journal entry for the acquisition. (If no entr

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Safari File Edit View History Bookmarks Window Help O ( Fri Dec 1 11:24 PM One Piece: WANO... Asset Categories: T... M Question 4 - Chapt... C Purple Corp. purch... Help Save & Exit Submit ezto.mheducation.com Assignments - 202... 17 CYTO 0.3190 -1... 17 CYBN 0.60 -3.23... b Hot Penny Stocks o... Chapter 9 Assignment i Saved 4 Purple Corp. purchased all of the listed assets and liabilities of Sudden Corp. for $1,945,000. The following assets and liabilities were purchased: 10 10 points 00:34:13 Book Value Accounts receivables $ 215,000 Inventory Property, plant, and equipment (net) Patent Liabilities 170,000 980,000 0 (195,000) Fair Market Value $ 215,000 282,000 1,249,000 343,000 (195,000) Print References Required: 1. What is the appropriate amount that would be recorded for goodwill? Goodwill purchased eBook Mc Graw Hill 2 Check my work 2. Prepare the journal entry for the acquisition. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 21,124 DEC 1 tv < Prev 4 of 5 Next > & W WI427 0 Safari File Edit View History Bookmarks Window Help O ( Fri Dec 1 11:24 PM One Piece: WANO... Asset Categories: T... M Question 4 - Chapt... C Purple Corp. purch... Help Save & Exit Submit ezto.mheducation.com Assignments - 202... 17 CYTO 0.3190 -1... 17 CYBN 0.60 -3.23... b Hot Penny Stocks o... Chapter 9 Assignment i Saved 4 Purple Corp. purchased all of the listed assets and liabilities of Sudden Corp. for $1,945,000. The following assets and liabilities were purchased: 10 10 points 00:34:13 Book Value Accounts receivables $ 215,000 Inventory Property, plant, and equipment (net) Patent Liabilities 170,000 980,000 0 (195,000) Fair Market Value $ 215,000 282,000 1,249,000 343,000 (195,000) Print References Required: 1. What is the appropriate amount that would be recorded for goodwill? Goodwill purchased eBook Mc Graw Hill 2 Check my work 2. Prepare the journal entry for the acquisition. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 21,124 DEC 1 tv < Prev 4 of 5 Next > & W WI427 0