User Account

All Pages

What is the maximum potential contingent payout

Assignment Help Financial Accounting
Reference no: EM132628698

on June 22nd ,2018 Kroger inc acquired the assets and liabilities of home chef, a privately owned company based in the Chicago in exchange for 197 million in cash (net of 30 million cash acquired )and contingent consideration .Refering to Kroger 's 2018 financial statements , answer the following questions .

Question 1- why did Kroger acquire Home Chef?

Question 2-  Provide a schedule showing Kroger's allocations of the consideration transferred to Home Chef's identifiable assets acquired and liabilities assumed with the reminder going to goodwill .

Question 3- What is the maximum potential contingent payout (earn-out) to the former owners of Home chef ? What were the factors that entered into the determination of the acquisition -date fair value of the contingent consideration ?

Reference no: EM132628698

Questions Cloud

Provide the journal entry for the vacation pay : Only $210,000 was contributed to the pension plan administrator. Provide the journal entry for the (a) vacation pay and (b) pension benefit
Select a type of intangible asset to discuss : Select a type of intangible asset to discuss. Provide an example of a company that has such an intangible recorded on its financial statements.
Current events that demonstrates the use of vagueness : What some examples from current events that demonstrates the use of vagueness, ambiguity, and generality?
Problem - Vacation pay and pension benefits : Problem - Vacation pay and pension benefits. Lutes Company provides its employees with vacation benefits and a defined contribution pension plan.
What is the maximum potential contingent payout : What is the maximum potential contingent payout (earn-out) to the former owners of Home chef ? What were the factors that entered
Why should we doubt that science covers all of human inquiry : Why should we doubt that science covers all of human inquiry? What value is there in the uncertainty that philosophical inquiry often produces?
Illustrate how knowledge depends on one perspective : In a famous passage, Zhuangzi uses the example of dreaming to illustrate how knowledge depends on one's perspective.
Compute the book value of the equipment at the end : Compute the book value of the equipment at the end of each of the four years. (If an answer is zero, please enter 0. Do not leave any fields blank.)
Provide the journal entry to record the payroll tax expense : At the federal rate of 0.8% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period

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!

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