Lion company pays $10million for all outstanding shares of tiger company on the date of the purchase tiger company has net identifiable asset with a book value of $9million and a fair value of $10.5million. determine the amount of good Will or gain on bargain purchase

Q: Halwell Motor Company acquires all of the stock of Ornex Auto Services for $60,000,000 in cash. The…

A: Goodwill:Goodwill is calculated by taking the difference between cash paid for an acquisition and…

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A: Net asset value method is a method which is used to calculate the value of business. net asset can…

Q: Mickey Inc. is considering purchasing the net assets of Minnie Corporation.  Mickey has been given…

A: Answer) Calculation of Value of Goodwill Goodwill = Amount paid to purchase the company – (Fair…

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A: Purchase of common stock of other company amounts to investment in the company. To invest in a…

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Q: Use the following to answer questions 8 through 10: On May 1, 2021, Jazzie Co. agreed to sell the…

A: SOLUTION-   WORKING NOTE- GAIN ON ASSET  SALE =  ($80 MILLION - $ 48 MILLION)…

Q: b) Bigger n Better Pty Ltd has just acquired the Tiny Tots business. The fair value of Tiny Tots'…

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Q: llustration 1. Share-for-share exchanges On January 1, 2022, Frank Co. and Richard, Inc. combined.…

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Q: -Corporation A acquires C-Corporation B in a taxable stock acquisition. In the process of completing…

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Q: On January 1, 2019, Uncle Company purchased 80 percent of Nephew Company's capital stock for…

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Q: Summer Company holds assets with a fair value of $124,000 and a book value of $96,000 and…

A: ConsolidationThe combination of one or two elements is called consolidation. When a company acquires…

Q: Halwell Motor Company acquires all of the stock of Ornex Auto Services for $96,000,000 in cash. The…

A: The goodwill is calculated by taking the difference of cash paid for acquisition and the assets…