on june 1, 20x9, cap co paid p800,000 for the net assets of sher co. the carrying values for sher's assets and liabilities on june 1, 20x9 follow: cash 150,000 accounts receivable 180,000 capitalized software costs 320,000 goodwill 100,000 liabilities 130,000 on june 1, sher's accounts receivable had a fair value of p40,000, lesser than its carrying amount. additionally, sher's in process research and development was estimated to have a fair value of p200,000. all other items were stated at their fair values. on the june 1, combined balance sheet, how much is reported for goodwill?
on june 1, 20x9, cap co paid p800,000 for the net assets of sher co. the carrying values for sher's assets and liabilities on june 1, 20x9 follow: cash 150,000 accounts receivable 180,000 capitalized software costs 320,000 goodwill 100,000 liabilities 130,000 on june 1, sher's accounts receivable had a fair value of p40,000, lesser than its carrying amount. additionally, sher's in process research and development was estimated to have a fair value of p200,000. all other items were stated at their fair values. on the june 1, combined balance sheet, how much is reported for goodwill?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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on june 1, 20x9, cap co paid p800,000 for the net assets of sher co. the carrying values for sher's assets and liabilities on june 1, 20x9 follow: cash 150,000 accounts receivable 180,000 capitalized software costs 320,000 goodwill 100,000 liabilities 130,000 on june 1, sher's accounts receivable had a fair value of p40,000, lesser than its carrying amount. additionally, sher's in process research and development was estimated to have a fair value of p200,000. all other items were stated at their fair values. on the june 1, combined balance sheet , how much is reported for goodwill?
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