Reference no: EM132406897
Question
Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $38,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows:
Book ValueFair ValueCurrent assets$11,000,000 $14,000,000 Property, plant, and equipment 30,000,000 36,000,000 Other assets 3,000,000 4,000,000 Current liabilities 7,400,000 7,400,000 Long-term liabilities 12,600,000 11,600,000
Required:
Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 5,000,000 should be entered as 5).)
|
Prepare the statement of financial position after all these
: Prepare the statement of financial position after all these transactions have been re?ected. The statement of ?nancial position of a business at the start.
|
|
Describe a general history of the period
: Areas that could be covered by this presentation include (but are not limited by) the following: a general history of the period, event, playwright, etc.
|
|
About databases in real life
: The purpose of this assignment is to help you learn more about databases in real life.
|
|
Find the value of closing inventory that should be shown
: Find the value of closing inventory that should be shown in its Statement of Financial Position as at 31 December 2018 by taking into consideration.
|
|
Calculate the amount paid for goodwill
: Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $38,000,000 in cash.
|
|
Discuss the web interoperability including its advantages
: Discuss the web interoperability including its advantages.
|
|
Compute the inventory amount at december
: The Bravo Company manufactures a single product. On December 31, 2012 Bravo adopted the dollar-value LIFO inventory method.
|
|
Is sea level rise really happening today
: Throughout the many millions of years of Earth's history, sea level has always gone up and down. Is sea level rise really happening today
|
|
Discuss employee motivation in detail
: There are many means of motivating employees: money, specialized training, recognition programs, etc. Discuss employee motivation in detail.
|