Fortitude Company purchased an entity for P6,000,000 cash on January 31. The book value and fair value of the assets of the acquired entity as of the date of acquisition follow: Book Value Fair Value Cash 50,000 P 50,000 500,000 Accounts receivable 500,000 Inventory Patent 1,000,000 1,500,000 250,000 | Property, plant and equipment 2,000,000 3,000,000 In addition, the acquired entity had liabilities totaling P2,000,000 at the time of the acquisition. The acquired entity has no other separately identifiable intangible assets. What is the goodwill arising from the acquisition?
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A: Fair value of net assets= Fair value of current asset + Fair value of property, plant and equipment…
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A: The Consolidated sale means the aggregate of sales made by all the companies within a group. While…
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A: A) Testing cash-genearting unit for impairment On June 30, 2019 Goodwill Net identifiable assets…
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A:
Q: arizona corp. acquired the business data systems for $320,000 cash and assumed all liabilites at the…
A: Goodwill: Goodwill is the good reputation developed by a company over years. This is recorded as an…
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A: Goodwill = Purchase Consideration + Fair Value of Non Controlling Interest - Fair Value of Net…
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A: According to IFRS 3, Acquisition related cost incurred by the acquiring company to effect the…
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A: Acquisition is an act of buying/purchasing/acquiring something. Here in the question, Acquisition of…
Q: What is the goodwill arising from the acquisition?
A: Goodwill= Consideration paid - Fair value of assets - Fair value of liabilities Where Consideration…
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A: Concept of impairment of assets Details Available Testing Good will for impairment…
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A: The value of a firm that exceeds its assets minus its liabilities is known as goodwill. In other…
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A: Formula: Goodwill = Purchase price - Fair value of Assets
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A: Goodwill means the reputation of the company due to any factor like location , product , price ,…
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A: Solution: Under the Acquisition method, majority cases of the Buyer or Purchaser are recorded the…
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A: Goodwill refers to the intangible asset which arises when buyer acquires the existing business.
Q: 2. ABC Company purchased an entity for P6,500,000 cash at the beginning of the current year. The…
A: Goodwill on Acquisition: In most cases, the value of goodwill is established during an acquisition,…
Q: On January 17, Lina's Co. Paid $1,600,000 for all the issued and outstanding common stock of Ralph…
A: Goodwill means the reputation of the company due to any factor like location , product , price ,…
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A: At the time of acquisition identified assets and liabilities are recorded in the books of the parent…
Q: On January 2, 2021, ABC Co. acquired 60% interest in DDD Corp. for P360,000. Information on DDD…
A: The merger is a process in which the acquirer company obtains control over the acquiree company.…
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A: In the acquisition analysis, the fair value of identifiable net assets, non-controlling interest,…
Q: Book Value Cash and Receivables P30,000 Inventory Plant Assets (net) Current Liabilities Market…
A: In preparation of consolidated financial statements, parents corporations eliminate/discard the…
Q: Prince Corporation acquired 1O0 percent of Sword Company on January 1, 20X7, for $178,000. The trial…
A: Investment in Another Company: It is possible for a firm to invest in another company via the use of…
Q: Snowy Ltd acquires Pax Ltd on 1 July 2018 for $5,000,000 being the fair value of the consideration…
A: Fair value of the consideration transferred = $5,000,000 Fair value of net identifiable assets =…
Q: 8. CARNATION Company purchased an entity for P6,000,000 cash on 2 poi January 31. The book value and…
A: Goodwill is the amount paid over the fair value of the net asset acquired.
Q: AB Inc, acquired 100% stake in CD Inc. on January 1, 2013. AB paid $564,000 cash for the…
A: Goodwill is the excess value paid by the acquirer over the fair value of net assets to acquire the…
Q: ABC Company acquired all of XYZ Corporation's assets and liabilities on June 30, 20X1. XYZ reported…
A: Book value and fair value The book value is based on the old old purchase price, from which yearly…
Q: On January 1, 20x1, ABC Co. acquired 75% interest in XYZ, Inc. for P2,500,000 cash. ABC Co. incurred…
A: At the time of determining the net asset of the subsidiary corporation, the acquiring corporation…
Q: How much is the consolidated profit?
A: The question is related to Consolidated Financial Statement. The parent company (Harry co.) has…
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A: Formula: Purchase value = Total Net assets of D corp x Percentage acquired
Q: Gino Company acquired 30% of ABC Corporations share for P8,000,000 on July 1, 2020. ABC…
A: As per the equity method, the investment is recognized at cost and thereafter the value changes as…
Q: . Prepare journal entries for Axel Corp. to record the acquisition of Wheal Company
A: The acquisition is a form of consolidation between two or more companies. When one company takes…
Q: On January 1, 20x1, ABC Co. acquired 75% interest in XYZ, Inc. for P2,500,000 cash. ABC Co. incurred…
A: Goodwill: It is an intangible asset. It is the value of the company over the value of all assets…
Q: ABC Company acquired all of XYZ Corporation’s assets and liabilities on June 30, 20X1. XYZ reported…
A: Net Assets: Net Assets is the differential amount of total assets and total obligations of a…
Q: On July 1 2021, Sunflower Ltd acquired 60% of share capital of Lilly Ltd for $60,000,000. Equity of…
A: In consolidation, the assets of the subsidiary company are carried by the parent company on their…
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A:
Q: Use the following information for question 6 and 7: Marksman acquired 100 percent of Tribal Transit…
A: 6) Value of Investment at acquisition date Investment is recorded at the Market value at the…
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A: Goodwill: Goodwill is an intangible asset. It is defined as the excess of cost of an acquired…
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A: Goodwill: Goodwill is an intangible asset. It is defined as the excess of cost of an acquired…
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- AutoSave Off Document4 - Word O Search Jasmine Thompson File Home Insert Draw Design Layout References Mailings Review View Help E Share Comments X Cut Calibri (Body) - A A Aa AsEE E EE T O Find 12 Copy Paste AaBbCcDd AaBbCcDd AaBbC AaBbCcD AaB AaBbCcD AaBbCcDd AaBbCcDd Replace BIU ab x, x A e Av I Normal 1 No Spac. Heading 1 S Format Painter Heading 2 Title Subtitle Subtle Em... Emphasis Dictate Editor A Select Clipboard Font Paragraph Styles Editing Voice Editor 3. 4 4. Using the FIFO method, the most recent purchases of inventory are assumed to be contained: a. on the balance sheet as part of ending inventory b. on the income statement as part of cost of goods sold c. equally split between the income statement and the balance sheet d. on the income statement as part of sales revenue e. allocated between inventory and cost of goods sold based on the gross margin percentage. Page 2 of 7 1088 words K English (United States) O Focus 232% P Type here to search ENG 7:52 PM US 1/20/2021…7. Uneven cash flows A series of cash flows may not always necessarily be an annuity. Cash flows can also be uneven and variable in amount, but the concept of the time value of money will continue to apply. Consider the following case: The Purple Lion Beverage Company expects the following cash flows from its manufacturing plant in Palau over the next five years: Annual Cash Flows Year 2 Year 3 Year 4 Year 5 Year 1 $100,000 $20,000 $330,000 $450,000 $750,000 this investment is 4%. What is the present value of this uneven cash flow The CFO of the company believes that an appropriate annual interest rate stream, rounded to the nearest whole dollar? O $450,000 O $2,025,000 O $1,675,000 O $1,409,121 flows or annuity payments: Identify whether the situations described in the following table are examples of uneven MacBook Air 4> F10 F9 F8 F7 F6 F5 F4 F2 % 24 4. %23 0 5 6 8 3=U&launchmuri=nttps76253A pps76252rportal6252FITal poks Login -. Bb Module 5- Chap 1 &. H Office templates & t.. Il - Chapter 5 6 Sul Saved Help Save & Exit N FV $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 1 1.03000 0.97087 1.0000 0.97087 1.0300 1.000Θ 1.06090 0.94260 2.0300 1.91347 2.0909 1.97087 1.09273 o.91514 3.0909 2.82861 3.1836 2.91347 1.12551 0.88849 1.15927 0.86261 1.19405 0.83748 4 4.1836 3.71710 4.3091 3.82861 5.3091 4.57971 5.4684 4.71710 6 6.4684 5.41719 6.6625 5.57971 1.22987 0.81309 7.6625 6.23028 7.8923 6.41719 8 1.26677 0.78941 8.8923 7.01969 9.1591 7.23028 1.30477 0.76642 10.1591 7.78611 10.4639 8.01969 10 1.34392 0.74409 11 1.38423 0.72242 11.4639 8.53020 11.8078 8.78611 12.8078 9.25262 13.1920 9.53020 14.6178 10.25262 16.0863 10.95400 12 1.42576 0.70138 14.1920 9.95400 13 1.46853 0.68095 15.6178 10.63496 17.5989 11.63496 17.0863 11.29607 18.5989 11.93794 19.1569 12.29607 20.1569 12.56110 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 20.7616 12.93794 Rosie's…
- AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
- AutoSave Off Document4 - Word O Search Jasmine Thompson File Home Insert Draw Design Layout References Mailings Review View Help X Cut A Share D Comments Calibri (Body) 12 - A A Aav A EEE EE A T O Find Copy AaBbCcDd AaBbCcDd AaBbC AABBCCD AaB AaBbCcD AaBbCcDd AaBbCcDd Paste BIU ab x, x A 2v Av 三、 v S Format Painter 1 Normal I No Spac. Heading 1 Heading 2 Replace Title Subtitle Subtle Em... Emphasis Dictate Editor Clipboard A Select v Font Paragraph Styles Editing Voice 1 Editor 1 4 1. 16. Assume a beginning inventory of $28,000, ending inventory of $47,000, purchases of $110,000, and purchase returns of 15,000. If the gross margin percent is 60%, how much is net sales revenue? a. $190,000 b. $151,667 c. $425,000 d. $126,667 e. $227,500 е. B English (United States) DFocus 220% Page 5 of 7 1116 words ENG 8:40 PM P Type here to search 1/20/2021 US BANG &O UFSEN home 96 "3 目 00soal MTK-dikonversi.docx - Word F- Ences Mailings Review View Help Acrobat Foxit PDF Tell me what you want to do 令|m、m、折。 AaBbCc[ AaBbCcD AaBbCc[ AaBbCc[ AABBCCI 1 Normal T Body Text T List Para... T No Spac. I Table Pa. Paragraph Styles Ec 1 2 . 3 I 4 . 5 I PINANIA is a famous chocolate factory in Switzerland. Each year, the company must produce as many as 2,200 units (with the same amount of production). Sales are evenly distributed throughout the year. The company wants to determine the number of sizes that can be charged for ordering (setup costs) and holding costs (carrying costs). It can be seen that the production cost for each unit is $50, the carrying cost is 10% of the average inventory and the setup cost is $20 (per production). Question : By using the Differentiation Method (1st and 2nd Derivative Test), Determine the economic lot size for the company and provide an explanation of the calculation results. ASUS トDocument1 - Microsoft Word (Product Activation Failed) File Home Insert Page Layout References Mailings Review View ది * Cut A - 11 - A A =,三, 详 A Find- Aal Carlito Aa AаBbCcDc AaBьссDс AaBbС AаBbСс А ав Аавьсс. AаВЬСсDt E Copy ahe Replace B I U abe x, x A Paste VFormat Painter I Normal I No Spaci.. Heading 1 Heading 2 Title Subtitle Subtle Em... Change A Select - Styles Clipboard Font Paragraph Styles Editing L | 2.I· 1 •l : 1 I 2 · :3 · I 4. 5 : L 6 · O7:L: 8I 9 10 I 11 · 1 • 12:I 13: 14: L 15 · 16 :A· 17:I 18.I 19 • 13 . I • 18 . I· 19 8. The following data for September were taken from the cost records of the Mixing Department of a company which uses the average costing method: WIP August 31 (all materials; 50% converted) – 1,000 units Put into process during the month – 10,000 units WIP September 30 (all materials; 40% unconverted) – 1,400 units Costs: WIP August 31 (materials, Php 24,000; labor, Php 15,000; factory overhead, Php 7,600) Put into process during the month…
- Document1 - Word A victor francis froilan 困 O X File Home Insert Design Layout References Mailings Review View Help Tell me what you want to do 유 Share X Cut O Find Calibri (Body) -|| 18 A A Aa v AaBbCcDd AaBbCcDd AABBCC AABBCCC AaB AaBbCcD AaBbCcDd AaBbCcDd AaBbCcDd e Copy aac Replace Paste В I U v abe X2 x aby v 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. Emphasis Intense E... V Format Painter A Select - Clipboard Font Paragraph Styles Editing GET GENUINE OFFICE Your license isn't genuine, and you may be a victim of software counterfeiting. Avoid interruption and keep your files safe with genuine Office today. Get genuine Office Learn more QUESTION 6, With the amount he receivd from the government's aid during the pandemic, Mike ventured into business and started with a small capital. On the firstwek, he gained P500. On the second and third wek, he ost 40 and P250 respectivly. On the fourth week, he gained P900 and his money doubled after the fifthweek and now…A FinRatioExercise Intro.xls - Compatibility Mode AutoSave or ome Page Layout Formulas Data Review View O Tell me Insert Draw E Insert v Arial v 10 • A A 29 Wrap Text v General 5 Delete v E E= E E $ v % 9 Conditional Format Formatting as Table Styles Cell BIUV 出。 Paste E Merge & Center v A Format v 07 fx A B D E F G H J K M Comp Sales Rev COGS $137 $159 $133 GrossProfit GPMarg $67 $78 $68 ROE Debt/Eg ICurrentAssiCurrentLiablCurrRatio shares EPS $78 Net Profit TotLiab Equity $145 $164 $168 $138 $176 2 $95 $20 $25 65 3 B 4 C 5 D 6 $237 $189 $211 $179 $114 $118 $88 $126 60 $18 $23 $12 $77 $69 $74 $62 60 $128 $113 $51 $62 60 $140 60 7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Sheett Sheet2 Sheet3 Ready MacBook Pro esc BI U ily く ※ %23 2$ & 2 4. 7 8. W E Y. U A H. K C V T SIAutoSave Normal 因 Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) v 11 - A^ A Aav A E E O Find - AaBbCcDc AaBbCcDc AABBCC AABBCCC AaB AABBCCC AaBbCcDa 自Copy Paste S Replace В IUvab х, х* А 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 2 3 4 Winter Company reported the following for the most recent month: Physical Units 700 Beginning work in process (60% complete) Units transferred in (started) during month Ending work in process 4,800 950 Materials are added at the end of the process and conversion costs are added evenly throughout the process. If equivalent whole units of production for conversion using the weighted average were 4,816, what percent complete was ending work in process at the end of the month? (Round to the nearest whole percent.) а. 20% b. 16%…