What is the goodwill arising from the acquisition?

Q: How will we recognise any fair value gain arising from a change in fair value of an investment…

A: Investment Property:   An investment property is a property in the form of land or building that are…

Q: Can goodwill be amortized, and if so, how is it done?

A: Goodwill is an intangible asset since it reflects the surplus that a company pays to acquire another…

Q: What entry is made when selling a fixed asset?

A: Following entry is passed when selling the fixed assets:

Q: Describe the exchanges in nonmonetary asset.

A: A non-monetary transaction refers to a commercial or business transaction that happens without the…

Q: On August 1, ABC Corporation acquired 80 percent of XYZ Corporation for P560,000. XYZ Corporation…

A: Introduction Goodwill is considered as an intangible assets that is linked with purchasing of one…

Q: Which are the Methods of Title Assurance?

A: The methods of title assurance are as follows: Title covenants Title opinion based on public record…

Q: What are the criteria of an assets held for sale?

A: Step 1   If any of the assets is held for sale then, it ceases to depreciation and amortization and…

Q: What are the Criteria of “Creditable Acquisitions” Please describe!

A: There are many factors that determine if an acquisition is a creditable one or not and for which we…

Q: uisitions? Identify t cors and discuss em

A: Introduction : The core source of value destruction in an acquisition is due to entranced managers.

Q: Why are the impairment rules for goodwill different than for other assets? Explain

A: Goodwill: Goodwill is the good reputation developed by a company over years. This is recorded as an…

Q: How do changes in accounting policies and estimates affect the recognition and measurement of…

A: Changes in accounting policies and estimates can significantly impact the recognition and…

Q: how is the acquisition cost of an asset determined when the asset is acquired in exchange for…

A: How is the acquisition cost of an asset determined when the asset is acquired in exchange for…

Q: Which of the following statements is true about goodwill? The intangible asset goodwill may be…

A: Goodwill is an intangible asset which appears in the asset side of entities balance sheet.

Q: Th e initial measurement of goodwill is most likely aff ected by: B . the acquired company’s book…

A: Initially goodwill is measured as the difference between the purchase price paid for acquisition and…

Q: AAA Inc. Was merge into BBB Corp. in a combination properly accounted for as acquisition of…

A: Goodwill: It is an intangible asset that is related with the purchase of one company by another

Q: capitalized?

A: In accounting, the term "capitalized expenditures" refers to expenses that are recorded as assets on…

Q: What Is Goodwill And How Is It Accounted For?

A: Definition:   Goodwill: Goodwill is a good reputation developed by a company over the years. This is…

Q: Which two models may an entity opt for when accounting for investment property?

A: Investment property is a type of properly held by personnel for the intention of earning returns…

Q: determining if goodwill is impaired and how to allocate any impairment loss?

A: The impairment of goodwill occurs when the recognised Goodwill that way associated with acquisition…

Q: What is the purpose of valuation in terms of statutory dimension

A: The valuation is done to ensure that the book value of the assets are measured and recorded in…

Q: what are some pros and cons of holding high level of current assets in relation to sale?

A:

Q: why does fair value seeking for an acquisition?

A: Reasonable worth is a term with a few implications in the monetary world. In contributing, it…

Q: Is goodwill a long-lived asset?

A: Goodwill is known as asset that includes company image. It is an intangible assets which do not…

Q: What would be the gain or loss on sale of land in the transaction attached? Why?

A: Gain or loss from sale of asset is calculated when book value of the asset is different from the…

Q: Which one of the following category goodwill lies? a. Intangible asset b. Fictitious asset c.…

A: Assets example Intangible assets Trade mark, copy right, goodwill etc Fictitious assets Prepaid…

Q: How should goodwill be amortized?

A: Goodwill is an example of intangible assets which has no physical identity.

Q: What amount of goodwill will be reported?

A: Consolidated balance sheet The financial position of a combination of two companies is represented…

Q: On January 1, 2021, ABC Co. traded in an old equipment with carrying amount of P,1680,000 for a new…

A: In exchange for the asset, the cost of the new asset will be the carrying the value of the old asset…

Q: Parent Corporation acquired all the identifiable net assets of Sub Company by issuing ordinary…

A: Herein above we need to first calculate the fair value of net asset acquired. Calculation of Fair…

Q: Define the term Acquisitions.

A: An acquisition is when one company purchases most or all of another company's shares to gain control…

Q: Why does the so-called distressed property situation exist?

A: Distressed property refers to those which have value less than the market value. This situation…

Q: How do we decide whether to capitalize (record as an asset) or expense a particular cost?

A: Expensing a cost implies that it is included on the income statement and is subtracted from revenue…

Q: Formula of goodwill in acquisition date

A: Goodwill is the intangible asset of the organisation and it arises with the purchase of company by…

Q: can goodwill be amoritized?

A: Goodwill: Goodwill is an intangible asset to the company. However, goodwill is recorded in the books…

Q: Which one of the following is a current asset?

A: Current assets are all the assets of a company that are expected to be sold or used as a result of…