How do determine the amount of goodwill to be reported

Assignment Help Financial Accounting

Reference no: EM132634768 , Length: 10

Plasher Company has a reporting unit resulting from an earlier business combination. The reporting unit's current asset and liabilities are :

Cash ; Carrying Amount $30.000 ; Fair value $30.000

Inventory ; Carrying Amount 70.000 ; fair value 100.000

Land ; Carrying Amount 30.000 ; fair value 60.000

Buildings ; Carrying Amount 210.000 ; fair value 230.000

Equipment ; Carrying Amount 160.000 ; fair value 170.000

Good will ; Carrying Amount 150.000 ; fair value -

Notes payable ; Carrying Amount 100.000 ; fair value 100.000

Required :

Question 1: Determine the amount of goodwill to be reported and the amount of goodwill impairment, if any, if the total fair value of the reporting unit is estimated to be :

a. $ 580.000

b. $ 540.000

c. $ 500.000

d. $460.000

Reference no: EM132634768

Questions Cloud

Explain the pharmacokinetic and pharmacodynamic processes : As an advanced practice nurse, it is your responsibility to recommend appropriate treatment options for patients with cardiovascular disorders.

What will the breakeven exchange rate be : If the strike price of the put option is USD 1.7166/AUD, what will the breakeven exchange rate be?

Find the amount of goodwill to be reported : Determine the amount of goodwill to be reported in consolidated financial statements presented immediately following the combination

Objective and importance of corporate governance : Discuss the objective and importance of Corporate Governance in general to the operations of an organization.

How do determine the amount of goodwill to be reported : How do Determine the amount of goodwill to be reported and the amount of goodwill impairment, if any, if the total fair value of the reporting unit

Discuss a trend and or development in public health : Discuss a trend and or development in public health you think will affect public health nursing in the future. Include a reference to support your response.

Give the entry that planket made to record : Planket acquired Spur Corporation's assets and liabilities for Rp 670.000 cash on December 31, 20X1. Give the entry that Planket made to record

What cultural and spiritual issues are evident in situation : You are working in an ICU where a 16-year-old girl is in critical condition after an auto accident. Her mother comes in and begins to sing, sprinkle tobacco.

Explain the impact of depreciation expense on the cash flow : Explain the impact of depreciation expense on the cash flow analysis of a capital project. Also, discuss the types of leasing arrangements

User Account

All Pages