Reference no: EM132726275
Problem 1: On January 1, 20x1, Creek Co. acquired all the assets and assumed all the liabilities of Bamboo Co. for P 2,400,000. Relevant information follows: Assets Carrying amounts Fair values Cash 10,000 10,000 Receivables, net 400,000 280,000 Inventory 480,000 350,000 Land 2,000,000 2,200,000 Goodwill 110,000 20,000 Total Assets 3,000,000 2,860,000 Liabilities Payables 400,000 480,000 · Bamboo Co. has research and development projects with fair value of P 60,000. Creek Co., does not intend to use those R&Ds. However, there have been exchange transactions involving the information generated from Bamboo's R&D, but those transactions are infrequent.
- All fair value adjustments result to temporary differences but dot not affect the tax base of the assets and liabilities. The tax rate is 30%.
- Creek incurred P 100,000 on general administrative costs of maintaining an internal acquisitions department.
How much is the goodwill (gain on bargain purchase)?
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What is the first month
: The interest rate is 6% / year compounded monthly. What is the first month for which the interest portion of the payment is less than one third of the payment
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Calculated consolidated net income and income
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Find how much is the goodwill on the business combination
: ?2,000,000 cash as consideration for the 80% interest in RASCAL, Inc., how much is the goodwill (gain on bargain purchase) on the business combination?
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How much is the goodwill or gain on bargain purchase
: On January 1, 20x1, Creek Co. acquired all the assets and assumed all the liabilities of Bamboo Co. How much is the goodwill (gain on bargain purchase)?
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Yield to? maturity-abner? corporation
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How much is the goodwill for mason co
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