subject
Business, 01.04.2021 21:50 Bradgarner772

On May 28, 2021, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $530 million. The fair value of Harman's identifiable tangible and intangible assets totaled $589 million, and the fair value of liabilities assumed by Pesky was $163 million. Pesky performed a goodwill impairment test at the end of its fiscal year ended December 31, 2021. Management has provided the following information: Fair value of Harman, Inc. $ 510 million Fair value of Harman's net assets (excluding goodwill) 450 million Book value of Harman's net assets (including goodwill) 522 million Required: 1. Determine the amount of goodwill that resulted from the Harman acquisition. 2. Determine the amount of goodwill impairment loss that Pesky should recognize at the end of 2021, if any. 3. If an impairment loss is required, prepare the journal entry to record the loss.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 10:50, milliebbbrown
Bill dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in stock x and the remainder is invested in stock y. x's beta is 1.50 and y's beta is 0.70. what is the portfolio's beta? do not round your intermediate calculations. round the final answer to 2 decimal places.
Answers: 2
image
Business, 22.06.2019 16:00, heavenwagner
In microeconomics, the point at which supply and demand meet is called the blank price
Answers: 3
image
Business, 22.06.2019 19:20, dayday0
Six years ago, an 80-kw diesel electric set cost $160,000. the cost index for this class of equipment six years ago was 187 and is now 194. the cost-capacity factor is 0.6. the plant engineering staff is considering a 120-kw unit of the same general design to power a small isolated plant. assume we want to add a precompressor, which (when isolated and estimated separately) currently costs $13291. determine the total cost of the 120-kw unit. (hint: skip $ and comma symbols)
Answers: 3
image
Business, 22.06.2019 20:30, williamsdre9371
What talent or skill do u wish too develop for yourself
Answers: 1
You know the right answer?
On May 28, 2021, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for...

Questions in other subjects:

Konu
Mathematics, 19.08.2019 03:30
Konu
Mathematics, 19.08.2019 03:30