Business, 10.03.2020 07:29 trying2passs
Annapolis Company was recently sold for $470,000. Annapolis had assets & liabilities appraised at the time of the sale in the amounts of:ItemAmountAccounts Receivable assumed by buyer $135,000Inventory $275,000Property, Plant & Equipment (net) $500,000Notes Payable assumed by buyer $655,000Using this information, how much should be recorded as Goodwill for this transaction?
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Benning manufacturing company is negotiating with a customer for the lease of a large machine manufactured by benning. the machine has a cash price of $980,000. benning wants to be reimbursed for financing the machine at a 9% annual interest rate. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. determine the required lease payment if the lease agreement calls for 10 equal annual payments beginning immediately. 2. determine the required lease payment if the first of 10 annual payments will be made one year from the date of the agreement. 3. determine the required lease payment if the first of 10 annual payments will be made immediately and benning will be able to sell the machine to another customer for $68,000 at the end of the 10-year lease.
Answers: 1
Annapolis Company was recently sold for $470,000. Annapolis had assets & liabilities appraised a...
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