Question: please answer asap dont solve question 29 QUESTION 15 Following information relates to Arcon Company: BV of assets = $100,000 (including the BV of goodwill

please answer asap
please answer asap dont solve question 29 QUESTION 15 Following information relates
to Arcon Company: BV of assets = $100,000 (including the BV of
goodwill of $30,000); Market Value of the Business = $150,000 Fair Value
dont solve question 29
of the net assets = $80,000 With the information given above, is

QUESTION 15 Following information relates to Arcon Company: BV of assets = $100,000 (including the BV of goodwill of $30,000); Market Value of the Business = $150,000 Fair Value of the net assets = $80,000 With the information given above, is the goodwill of Arcon impaired? No Yes O Unable to tell from the information given Goodwill is impaired because the FV of net assets is less the book value of the net assets QUESTION 22 P issued bonds with a par value of $100,000 (market value $93,000) to buy all the net assets of S. In the acquisition Journal entry in the books of P, Bond Payable will be credited with $93,000 Discount on Bond Payable will be debited with $7,000 O Premium on Bond Payable will be credited with $7,000 Bond Payable will be debited with $100,000 QUESTION 29 Refer to the Al/Khalifa question. What will be the total balance in the goodwill account in the books of All after the acquisition? $595,000 $555,000 So because goodwill will not be recorded in this case. $505,000 QUESTION 13 Spur Company issued bonds with a par value of S670,000 (and market value of $660,000) to acquire all net assets of Jasper Company Fair value of the nets assets of Jasper Company: Accounts receivable $250,000 Land and machinery $400,000 Accounts payable $50,000 The journal entry in the books of Spur to record the acquisition will include a OO Debit to Premium on Bonds Payable of $10,000 Credit to Premium on Bonds Payable of $10,000 Debit to Discount on Bonds Payable of $10,000 O Credit to Discount on Bonds Payable of $10,000

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