Shaw Company has the following account balances: Receivables $ 1 0 0 , 0 0 0 Inventory
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Question:
Shaw Company has the following account balances:
Receivables $
Inventory
Land
Buildingnet
Liabilities
Common stock
Additional paidin capital
Retained earnings
Shaws Land has a fair value of $ while its Building has a fair value of $ Shaws Liabilities have a fair value of $
Brooks company acquires Shaw Company on December by issuing shares of $ par value common stock valued at $ per share. Direct combination costs of $ are paid to third parties and Brooks Company has estimated a $ contingent performance liability. In the financial statements prepared immediately after the business combination, what is the amount of Goodwill using the acquisition method?
Related Book For
Advanced Accounting
ISBN: 978-1259444951
13th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
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