User Account

All Pages

Find the amount of goodwill to be recognized

Assignment Help Accounting Basics
Reference no: EM133130145

Question - Parent Company acquired 15% of Subsidiary Company's common stock for P500,000 cash and carried the investment using the cost method. A few months later, Parent purchased another 60% of Subsidiary's stock for P2.160,000. At that date, Subsidiary had identifiable assets of P3,900,000 and a fair value of P5,100,000, and had liabilities with a book value and fair value of P1,900,000. The fair value of the 25% non-controlling interest is P900,000. Find the amount of goodwill to be recognized resulting from this combination?

Reference no: EM133130145

Questions Cloud

Will she finish these two buildings in an eight-hour shift : She cleans building A, which is 3,000 square feet, and building B, which is 2,460 square feet. Will she finish these two buildings in an 8-hour shift
What is the equivalent value of the payment : A $148,800 payment is due 17 months from today. What is the equivalent value of the payment if it is paid 5 months from today instead
How much is the adjusted branch net income : After the adjustment, the balance is P27,000. The reported net income of the branch was P800,000. How much is the adjusted branch net income
What is the consolidated total equity of p company : On January 1, 2020, P acquires 25% of S Company's ordinary share for P150,000 cash. What is the consolidated total equity of P Company
Find the amount of goodwill to be recognized : The fair value of the 25% non-controlling interest is P900,000. Find the amount of goodwill to be recognized resulting from this combination
Public transportation problem in western subrub : Public transportation problem in western subrub in Melbourne assignment - presentation to managing a project and explain the significance of the content
What the direct labour cost for the year : Question - Consider the following scenario: Direct Labour Accrual reversed 01/07/14 $1,400. What the direct labour cost for the year
Firms operating in monopolistic competition : Restaurants compete on quality of food as much as price. Product differentiation is a key element of the business. There are relatively low barriers to entry in
Conduct a contractionary monetary policy : Q1. In general, the greater the number of substitutes a good has, demand will be relatively more price inelastic. Use examples to support your argument.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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