User Account

All Pages

What goodwill impairment should be recognized

Assignment Help Accounting Basics
Reference no: EM132454055

Question - General Products Company bought Special Products Division in 2010 and appropriately recorded $500,000 of goodwill related to the purchase. On December 31, 2011, the fair value of Special Products Division is $4,000,000 and it is carried on General Products' books for a total of $3,400,000, including the goodwill. An analysis of Special Products Division's assets indicates that goodwill of $400,000 exists on December 31, 2011. What goodwill impairment should be recognized by General Products in 2011?

Reference no: EM132454055

Questions Cloud

Usefulness of the term in media and communication studies : What is ideology? What is the usefulness of the term in media and communication studies? Provide some examples of how it might be used in this context.
Find the amount of the short-term notes payable : Find the amount of the short-term notes payable that should be reported as current liabilities on the December 31, 2010 balance sheet issued on March 5, 2011
The heart transplant-what should the committee do : The Heart Transplant. What should the committee do? How would you vote if you were on the committee?
What were the main factors that caused the fire : Were there design flaws in the building that contributed to either the start of the fire or the size of the fire?What were the main factors that caused the fire
What goodwill impairment should be recognized : On December 31, 2011, the fair value of Special Products Division is $4,000,000. What goodwill impairment should be recognized by General Products in 2011
Analyse and demonstrate ability to evaluate construction : Analyse and model construction and civil engineering situations using a range of mathematical methods and Analyse and demonstrate ability.
How much will the common stockholders receive : Assuming that $150,000 will be distributed as a dividend in the current year, how much will the common stockholders receive
Discuss the unique properties of combustible dusts : Discuss the unique properties of combustible dusts. What are some prevention and suppression controls that can be used for areas containing combustible dusts
What gain and net reduction in retained earnings : Pierson Corporation owned 10,000 shares of Hunter Corporation. What gain and net reduction in retained earnings would result from this property dividend

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