During 2019 and 2018, the company acquired five businesses for an aggregate consideration of $440.4 million...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
During 2019 and 2018, the company acquired five businesses for an aggregate consideration of $440.4 million (net of cash acquired), one of which was Proseal. Exhibit 6 provides information about Proseal as of the date of the acquisition (June 30, 2019). The total consideration paid for Proseal (net of cash acquired) was $275.3 million. What was the amount of goodwill recorded as a result of this acquisition? During 2019 and 2018, the company acquired five businesses for an aggregate consideration of $440.4 million (net of cash acquired), one of which was Proseal. Exhibit 6 provides information about Proseal as of the date of the acquisition (June 30, 2019). The total consideration paid for Proseal (net of cash acquired) was $275.3 million. What was the amount of goodwill recorded as a result of this acquisition?
Expert Answer:
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
Students also viewed these accounting questions
-
During its financial year ended 30 June 20X7 Beavers, an engineering company, has worked on several contracts. Information relating to one of them is given below: Contract X201 Date commenced...
-
Net income for 2018 was $ 4 comma 230, and interest expense was $ 210. Compute Nayna's rate of return on total assets for 2018. (Round to the nearest percent.)
-
During the year ended 30 June 2019 XYZ Pty Limited, a resident Australian private company (non BRE), received a franked dividend of $10,800 with $3,200 of attached franking credits. XYZ Pty Limited...
-
There are major responsibilities of system administrator as listed below: o Start-up and shut down the system o Performance tuning o Managing user accounts o System security o Backup and recovery o...
-
Explain the defenses and exceptions to discriminatory practice allegations.
-
Copy a few paragraphs from an article in a major online newspaper. In a new document, identify whether each sentence is simple, complex, or compound. Find the percentage of simple, complex, and...
-
If you invest \($2\),000 today, \($3\),000 in 2 years, \($4\),000 in 5 years, and \($1\),000 in 7 years, how much will be in the bank 15 years from today if interest is 6 percent compounded annually?
-
At the beginning of 2012, Mansen Company acquired equipment costing $80,000. It was estimated that this equipment would have a useful life of 6 years and a residual value of $8,000 at that time. The...
-
also give me the references Social Media Audit of a Hotel Brand Individual Assignment You are required to research and analyze a hospitality company or brand's use of social media over the last 1-3...
-
Consider the deterministic world below (part (a)). Allowable moves are shown by arrows, and the numbers indicate the reward for performing each action. If there is no number, the reward is zero....
-
You just won America's Got Talent and were told that your $1 million dollar prize was to be paid out to you over the next 10 years in annual payments of $100,000 year. Assuming a cost of capital of...
-
Kampari IT Sdn. Bhd. (KI) is a Malaysian exporter of refurbished computers to Singapore. It periodically reviews its pricing policy because of concerns that the exchange rate between MYR and SGD may...
-
Donna holds a portfolio of investments including stock that pays quarterly dividends of $1,000. She decides to give her granddaughter, Monica, an interest in 50% of the dividends for the next four...
-
2) John has an annual income of $100,000. He saves 5% of his income in a 401K account. His company matches his 401K contribution up to 5%. He also has savings of $30,000 that he plans to invest along...
-
Summary: The Commercial Space Race: Who's Flying Highest? Abstract What was once a dream of science-fiction is on the verge of becoming a reality: commercial space travel. Rocket companies led by...
-
You get on a scales and they read 40 kg. You stand on them on an elevator, and at a particular moment they read 30 kg. What can you say about the motion of the elevator at that instant?
-
Toms Co's common stock has a market value of 37.51 per share and its next dividend is expected to be 2.04 per share. the co's dividends are expected to grow forever at a constant rate of 5.3% per...
-
Willingness to pay as a measure of a person's value for a particular good measures the maximum a person would be willing to pay requires that payment actually be made depends on the satisfaction that...
-
Selected financial statement data for Schmitzer Inc. is shown below: What was the amount of net sales for2011? 2011 2010 Balance sheet nventories Ratio Gross profit ratio for 2011 Inventory turnover...
-
In order to encourage employee ownership of the company's $1 par common shares, Washington Distribution permits any of its employees to buy shares directly from the company through payroll deduction....
-
Harwell Company manufactures automobile tires. On July 15, 2011, the company sold 1,000 tires to the Nixon Car Company for $50 each. The terms of the sale were 2/10, n/30. Harwell uses the net method...
-
The plaintiff [Christine Parent] leased an automobile from Amity Autoworld, Ltd. (hereafter Amity) [in Amityville, New York] in January 2002. Amity sold all its Toyota automobile franchise assets * *...
-
PT China, LLC, joined with PT Korea, LLC, to form PT Holdings. Harrison Wang and Michael Kim, representing the two entities, were to be the managers. The agreements prohibited them from engaging in...
-
The Communications Act of 1934 established a system of limited-term broadcast licenses subject to various conditions * * * . * * * [These conditions include] the indecency banthe statutory...
Study smarter with the SolutionInn App