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Grant Company acquired all of Bedford Corporation's assets and liabilities on January 1, 20X2, in a business combination. At that date, Bedford reported assets with a book value of $641,000 and liabilities of $375,000. Grant noted that Bedford had $43,000 of capitalized research and development costs on its books at the acquisition date that did not appear to be of value. Grant also determined that patents developed by Bedford had a fair value of $122,000 but had not been recorded by Bedford. Except for buildings and equipment, Grant determined the fair value of all other assets and liabilities reported by Bedford approximated the recorded amounts. In recording the transfer of assets and liabilities to its books, Grant recorded goodwill of $99,000. Grant paid $536,000 to acquire Bedford's assets and liabilities. If the book value of Bedford's buildings and equipment was $349,000 at the date of acquisition, what was their fair value?
Evaluate the manufacturing cost per unit for each product produced in July 2011.
Prepare the acquisition analysis at 1 July 2014, and the consolidation worksheet entries for preparation of consolidated financial statements of Pavo Ltd at that date.
Calculate the fair value of the controlling interest and the noncontrolling interest in Magnolia as of January 1, 2009 and prepare a schedule for allocating the excess of investment cost (fair value) over the book value.
Evaluate a consolidated statements workpaper
What was the amount of direct materials charged to Job number 83 and the ending inventory was 25% complete as to the conversion cost. 100% of direct material was added at the beginning of the process. What was the total cost transferred out?
Demonstrated that the student has grasped the accounting concepts
McGee Corporation offers Gruden $5 per disc for 5,000 discs. McGee would sell discs under its own brand name in foreign markets not yet served by Gruden.
Convert the total costs you computed in above to costs per diner. In other words, what is the average cost per diner for serving each of the following parties and Why do the costs per diner for the three different parties differ from each other an..
Wright Corporation began its operations on Sept- Find the total cash collections are expected
advertising activities can be related to products by using activity-based costing. Would allocating these activities to products for financial statement reporting be acceptable according to GAAP?
If the special order were accepted, what would be the impact on the company's overall profit?
Find what was actual volume, standard volume, and budgeted variable overhead and actual overhead was 1,000,000 and overhead is captivated to direct labor hours.
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