Question:44 Kisher Pickle Company acquires all the outstanding stock of Midwest Produce for $12 million. The fair value of Midwest's assets is $8.2 million. The fair value of Midwest's liabilities is $1.2 million. Calculate the amount paid for goodwill.
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- CalculateNeed Correct Answer Please Provide Solution PleaseKosher Pickle Company acquires all the outstanding stock of Midwest Produce for $19 million. The fair value of Midwest’s assets is $14.3 million. The fair value of Midwest’s liabilities is $2.5 million. Calculate the amount paid for goodwill.
- L2-4 Awe Company pays CU500,000,000 for a 30% interest in Groy Company on July 1, 19x2 when the book value of Groy Company's net assets equals fair value. Awe Company amortizes any goodwill from this investment over 20 years. Information related to Groy Company is as follows: 31 Desember 19x1 31 Desember 19x2 Share capital, nominal IDR 1,000 Rp600.000.000 Rp600.000.000 Retained earning 400.000.000 500.000.000 Total Shareholders' Equity 1.000.000.000 1.100.000.000 Net profit earned during the year 19x2 200.000.000 Dividend for the year 19x2 (paid on March 1 of Rp. 50,000,000 and September 1 of Rp. 50,000,000) 100.000.000 Required: calculate Awe Company's revenue from Groy Company for the year 19x2Firm A acquires firm B when firm B has a book value of assets of $345 million and a book value of liabilities of $130 million. Firm A actually pays $365 million for firm B. This purchase would result in goodwill for firm A equal to. Multiple Choice $215 million $365 million $150 million Help Save & Exit $345 million Spls answer and provide solution and explanation
- PROBLEM VIII On July 1, 2018, Good Cop Company acquired 100% of Bad Cop Company for a consideration transferred of P80 million and pays P500,000 business combination expenses. 2/5 is attributable to share issue costs, 2/5 direct costs and 1/5 for indirect costs. At the acquisition date, the carrying amount of Bad Company's net assets was P50 million with provisional fair value of P60 million. An additional valuation received on May 1, 2019 increased this provisional valuation to P65 million, and on July 30, 2019 this fair value was finalized at P70 million. 1. What amount should Good Cop Company present for goodwill in its statement of financial position on December 31, 2019?AnsFirm A acquires firm B when firm B has a book value of assets of $315 million and a book value of liabilities of $115 million. Firm A actually pays $335 million for firm B. This purchase would result in goodwill for firm A equal to. Multiple Choice $335 million O $315 million $200 million $135 million