Firm for finders fees related to acquisition

Assignment Help Financial Accounting
Reference no: EM13128201

Sun Corporation concluded the fair value of Tender Company was $60,000 and paid that amount to acquire its net assets. Tender reported assets with a book value of $55,000 and fair value of $71,000 and liabilities with a book value and fair value of $20,000 on the date of combination. Sun also paid $4,000 to a search firm for finders fees related to the acquisition.

Reference no: EM13128201

Questions Cloud

Explain how much money you would have accumulated : You plan to deposit these funds in a bank account that pays 8% per year. Explain how much money you would have accumulated just after you make the 5th deposit?
Calculate the capability index for machine : C-Spec has determined that the machine has a sample mean of 4.001 inches with a standard deviation of .002 inch. Calculate the (capability index) for this machine.
Change in accounting estimate : Which of the following should be reported as a change in accounting estimate?
Calculate the ph at 25 degree celsius : A solution of NaOH(aq) contains 11.6 grams of NaOH in 129 mL of solution. Calculate the pH at 25C.
Firm for finders fees related to acquisition : liabilities with a book value and fair value of $20,000 on the date of combination. Sun also paid $4,000 to a search firm for finders fees related to the acquisition.
Finding acceleration of a particle : A particle's position is give by s = 3t^3 - t^2 + 2t. What is it's acceleration at t=2? This seemed too easy.
Compute expected number of tests necessary for each group : Assume the probability that a person has the desease is 0.03 for all people, independently of each other, and compute the expected number of tests necessary for each group.
Change in reporting entity : Which of the following accounting treatments is proper for a change in reporting entity?
What is cvp : What is CVP? Does the CVP assumption of linearity make sense within the relevant range? Has this assumption changed based on the current economy?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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