On september 1 2012 winans corporation acquired aumont

Assignment Help Accounting Basics

Reference no: EM13578136

On September 1, 2012, Winans Corporation acquired Aumont Enterprises for a cash payment of $718,430. At the time of purchase, Aumont's balance sheet showed assets of $617,990, liabilities of $198,480, and owners' equity of $419,510. The fair value of Aumont's assets is estimated to be $824,330. Compute the amount of goodwill acquired by Winans.

Reference no: EM13578136

Questions Cloud

Sarah has investments in four passive activity : sarah has investments in four passive activity partnershipspurchased several years ago. last year the income and losses

The restatement of financial statements usually means bad : the restatement of financial statements usually means bad news. how do you think that companies should best deal with

The project is completed in 2012 and a successful patent is : the project is completed in 2012 and a successful patent is obtained. the rampd costs to complete the project are

You purchase a commercial building and lot for 450000 on : you purchase a commercial building and lot for 450000 on september 2nd 2012. the lot is estimated to be worth 80000

On september 1 2012 winans corporation acquired aumont : on september 1 2012 winans corporation acquired aumont enterprises for a cash payment of 718430. at the time of

Accent corp owes 600000 to citizens bank the debt is a : accent corp. owes 600000 to citizens bank. the debt is a 10-year 10 note due december 31 2012. accent is in financial

On january 1 2013 gridley corporation had 187500 shares of : on january 1 2013 gridley corporation had 187500 shares of its 2 par value common stock outstanding. on march 1 gridley

The machines have a service life of five years and no : simon teguh is considering investing in a vending machine operation involving 20 vending machines located in various

On june 30 2010 superfast shoes issued 200000 worth of : on june 30 2010 superfast shoes issued 200000 worth of 15-year 9 bonds when the market rate was 10. proceeds were

User Account

All Pages