ADVANCED ACCT.,SEL.CH.-W/ACCESS>CUSTOM<
14th Edition
ISBN: 9781307566574
Author: Hoyle
Publisher: MCG
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Pro-tech Software acquired all of the outstanding stock of Reliable Software
for $17 million. The book value of Reliable's net assets (assets minus
liabilities) was $8.6 million. The fair values of Reliable's assets and liabilities
equaled their book values with the exception of certain intangible assets
whose fair values exceeded book values by $2.8 million.
Calculate the amount paid for goodwill.
Please provide the answer to this general accounting question with proper steps.
Hello tutor please provide correct answer this general accounting question
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- Delta Containers had a Return on Equity (ROE) of only 5% last year. Management is considering a new operating plan that includes: Total debt ratio: 60% EBIT: $1,500,000 Annual interest charges: $450,000 Sales: $15,000,000 Total asset turnover ratio: 2.5 Tax rate: 35% If the changes are implemented, what will be the new ROE?arrow_forwardIn pension accounting, actuarial gains and losses are____. (a) Added to pension obligation directly (b) Always recognized immediately in profit or loss (c) Recognized in other comprehensive income (d) Deferred indefinitelyarrow_forwardPro-tech Software acquired all of the outstanding stock of Reliable Software for $17 million. The book value of Reliable's net assets (assets minus liabilities) was $8.6 million. The fair values of Reliable's assets and liabilities equaled their book values with the exception of certain intangible assets whose fair values exceeded book values by $2.8 million. Calculate the amount paid for goodwill.arrow_forward
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