Calculation of good will total shareholders'' equity of lit

Assignment Help Financial Accounting
Reference no: EM1312432

Calculation of good will.

Total Shareholders' Equity of Little

$330,000

Investment made by Big

80%

Book Value of Acquisition

$264,000

Amount paid to acquire 80%

$345,000

Excess Acquisition Price

$81,000

Less: Amount to be allocated to Buildings

$20,000

 

Reference no: EM1312432

Questions Cloud

Solving the utility function : Tom have only $60, and he want to spend it all on clothing (X) and food (Y), Price of clothing is $4. Find out the optimal values of both goods (Y*,X*) and Utility?
Prepare a consolidated income statement : Prepare a consolidated income statement from the given data - Consolidated Income Statement of Big For the year ended 2006
The new rotation period of the sun : Assume that the sun runs out of nuclear fuel & suddently collapses to form a white dwarf star, with a diameter equal to that of the Earth.  Estimate the new rotation period of the Sun.
Decision making on sunk costs : Consolidated Drugs, Inc. has spent $4 million developing and testing a new anti-aging drug.  Management now estimates that it will cost $2 million to produce and market this new product.
Calculation of good will total shareholders'' equity of lit : Calculation of good will - Total Shareholders' Equity of Little
Probability of choosing license plate ends with even number : Determine the probability of choosing at random license plate which ends in the even number?
Understanding the zoology basics : Darwin was wrongly alleged to have said that "man comes from the monkeys." The correct way for a modern biologist to describe the apparent sequence of human evolution.
Financial statements for forgetful insurance company : Adjust Forgetful Insurance Company's 2007 annual statements to reflect transaction 1 and report these adjusted results in column
Computation of expected return of your portfolio : Computation of expected return and the volatility of your portfolio and Your plan is to borrow another $50,000 at an interest rate of 5% per year for one year

Reviews

Write a Review

Financial Accounting Questions & Answers

  Describe why the fair value of a companys assets

Describe why the fair value of a company's assets is used in the preparation of combined financial statement

  Purpose of production report in process costing

Explain the Purpose of Production report in Process Costing and Determine the main function of the process costing production cost report?

  Show the preparation of segmented income statement

Show the Preparation of segmented income statement

  Evaluate the operating costs

All operating costs are variable as a percentage of total sales.

  Evaluate montes stock basis on december 31

What income and deductions will Monte and Allie report from Raider's current year activities? Evaluate Monte's stock basis on December 31?

  Show conceptual issues involved and the definition of assets

Show the conceptual issues involved and the definition of assets that can be applied in evaluating whether development expenditure should be treated as an asset or an expense.

  Assignment of costs to transferred out units

Assignment of costs to transferred out units and ending work in process given beginning of process and period production costs.

  Prepare a balanced scorecard for the unit

Prepare a Balanced Scorecard for the unit of an organization of your choosing (Red Lobster).The organization may be Red Lobster (the restaurant).

  Purpose a flexible budget performance report

Purpose a flexible budget performance report that indicates any variances between budgeted results and actual results.

  What is the maximum loan that the company will need

What is the maximum loan that the company will need between January and June?

  What are the earnings per share amounts

What are the earnings per share amounts that Porter should report in its current year consolidated income statement?

  Prepare a statement of cash flows

Prepare a Statement of Cash Flows in good form using the above information and the indirect method. Prepare the Net Cash Provided by Operating Activities section, using the above information, using the direct method.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd