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Pringle Corporation a

Pringle Corporation a

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Pringle Corporation acquires Snax Company at an acquisition cost of $50,000,000. Assets and liabilities of Snax are as follows: Book Value Fair Value Current assets $1,500,000 $ 800,000 Land, buildings, and equipment (net) 16,000,000 7,000,000 Brand names -0- 8,000,000 Liabilities 12,000,000 11,500,000 Goodwill arising from this acquisition is: Select one: O A. $22,700,000 O B. $45,700,000 O C. $44,500,000 O D $20.500.000 2
Transcribed Image Text:Pringle Corporation acquires Snax Company at an acquisition cost of $50,000,000. Assets and liabilities of Snax are as follows: Book Value Fair Value Current assets $1,500,000 $ 800,000 Land, buildings, and equipment (net) 16,000,000 7,000,000 Brand names -0- 8,000,000 Liabilities 12,000,000 11,500,000 Goodwill arising from this acquisition is: Select one: O A. $22,700,000 O B. $45,700,000 O C. $44,500,000 O D $20.500.000 2
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