subject
Business, 08.11.2019 04:31 chris4212

Fresh cut corporation purchased all the outstanding common stock of premium meats for $12,000,000 in cash. the book values and fair values of premium meats' assets and liabilities were: book value fair value accounts receivable $ 1,800,000 $ 1,600,000 equipment 8,500,000 9,900,000 patents 300,000 1,700,000 notes payable (2,700,000 ) (2,700,000 ) net assets $ 7,900,000 $ 10,500,000

required:

1. calculate the amount fresh cut should report for goodwill. (enter your answer in millions rounded to 1 decimal place. (i. e., $5,500,000 should be entered as 5.

2. record fresh cut's acquisition of premium meats. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. enter your answers in millions rounded to 1 decimal place (i. e., 5,500,000 should be entered as 5.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 21:50, samchix727
You have $22,000 to invest in a stock portfolio. your choices are stock x with an expected return of 11 percent and stock y with an expected return of 13 percent. if your goal is to create a portfolio with an expected return of 11.74 percent, how much money will you invest in stock x? in stock y?
Answers: 2
image
Business, 22.06.2019 15:00, darrengresham999
Match the terms with the appropriate definition. 1. work done for pay job 2. series of related jobs based on knowledge, training, tasks performed, interests, and experience career 3. buying or selling products and services using the internet mediation 4. wage amount after deductions are withheld net wage 5. a way a person chooses to live his or her life e-commerce 6. the people who are both able and willing to work technology 7. unequal treatment of others based on a bias concerning a person’s characteristics such as race, religion, gender, or age discrimination 8. the act of sharing information lifestyle 9. the use of a third party to make suggestions workforce 10. knowledge and tools used to perform tasks communication
Answers: 2
image
Business, 22.06.2019 17:50, primmprincess312
Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.
Answers: 2
image
Business, 22.06.2019 23:00, tonya3498
Which of the following is not one of the four principles of bottleneck management? a. increasing capacity at non-bottleneck stations is a mirageb. lost time at the bottleneck is lost system capacity. c. release work orders to the system at the bottleneck's capacity pace. d. increased bottleneck capacity is increased system capacity. e. bottlenecks should be moved to the end of the system process.
Answers: 1
You know the right answer?
Fresh cut corporation purchased all the outstanding common stock of premium meats for $12,000,000 in...

Questions in other subjects:

Konu
Physics, 25.05.2021 19:20
Konu
Mathematics, 25.05.2021 19:20