Question: On Jan. 1 , 2 0 2 3 , Pattern Corp acquires 1 0 0 % of Syl Company for $ 1 0 8 ,

On Jan. 1,2023, Pattern Corp acquires 100% of Syl Company for $108,349. Syl's assets and liabilities have the following book and fair values at acquisition:
As of Jan 1,2025(Acquisition Date)SnapeBook ValueFair ValueCash64,00064,000Inventory75,00082,294Intangibles75,00088,824Total Assets214,000Accounts Payable40,00040,000Notes Payable100,000104,217Total Liabilities140,000Net Assets74,000
What is the total fair value differential immediately after acquisition?

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:

Shift Determination Full Time (8 Hour) Shifts F01 8:00am to 9:00am 9:00am to 10:00am 10:00am to 11:00am 11:00am to 12:00pm 12:00pm to 1:00pm 1:00pm to 2:00pm 2:00pm to 3:00pm 3:00pm to 4:00pm 4:00pm...

Q:

wrangler company ahd the following account balances on jan 1 2 0 2 4 accoutns receivable 8 4 5 0 0 0 allowance for doubtful accounts 1 5 2 1 0 during 2 0 2 4 wrangler had the following transactions...

Q:

Question 1 Answer saved Marked out of 3.00 P Flag question WA EUP In manufacturing its products, Trevano Corp. adds all direct material at the beginning of the production process. The company's...

Q:

kohl company loaned 6 6 1 1 6 to heminway inc accepting heminways 2 year 8 0 0 0 0 zero interst bearing note on jan 1 2 0 2 4 the implied interest rate is 1 0 % how much interest revenue will kohl...

Q:

Python the echelon had been asked before, but the code doesnt work out. Part B: General Forward Elimination In the lecture we assumed that the input matrix to Gaussian Elimination is non-singular"....

Q:

Morgana Film Productions Inc. purchased a copier on Jan 1 , 2 0 2 2 for $ 1 3 , 7 0 0 with a residual value of $ 1 3 0 0 . Useful life is 5 years or 1 0 0 , 0 0 0 copies Copies produced in 2 0 2 2 :...

Q:

Sam considers investing in 2 opportunities. Opportunity 1: Investing 200$ on Jan 1st, 2022 in an opportunity that his expected to pay 75$ every year, starting on Jan 1st 2023, for the next 5 years....

Q:

portney inc acquired 3 0 % of davis corpoations voting stock on jan 1 , 2 0 2 4 for 1 0 0 0 0 0 0 in 2 0 2 4 davis earned 4 0 0 0 0 0 and paid dividends of 2 5 0 0 0 0 . portneys 3 0 % interest in...

Q:

Create a Statement of Retained Earnings using the following information: Retained Earnings, Jan 1 2 0 0 4 : $ 1 6 1 9 2 2 Net Income After Taxes: $ 1 0 8 9 7 7 Cost of Goods Sold: 2 0 0 0 9 8...

Q:

myst corporation purchased a depreciable asset for 6 0 0 0 0 0 on jan 1 , 2 0 2 1 the estimated salvage value is 6 0 0 0 0 and the estimated useful life is 9 years the straight line method is used...

Q:

At the most basic level, IT depends on three basic functions: processing, storage/retrieval (memory), and communication and all substantial advancement happen when one or more of these improves. As...

Q:

Various managerial accounting and finance terms: Product cost Conversion costs Under absorption Over absorption Marketing and distribution costs Fixed cost Suppliers Operational plan Prime costs...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....