Business, 21.02.2020 18:29 ian2006huang

Pilgrim has acquired several other companies. Assume that Princeton purchased Kit for $ 7 comma 000 comma 000 cash. The book value of Kit's assets is $ 14 comma 000 comma 000 ?(market value, $ 17 comma 000 comma 000?), and it has liabilities of $ 16 comma 000 comma 000 ?(market value, $ 16 comma 000 comma 000?). Requirements 1. Compute the cost of goodwill purchased by Princeton. 2. Record the purchase of Kit by Princeton. Requirement 1. Compute the cost of goodwill purchased by Princeton. Purchase price to acquire Kit Market value of Kit's assets Less: Market value of Kit's liabilities Less: Market value of Kit's net assets Goodwill Requirement 2. Record the purchase of Kit by Princeton?, Inc. ?(Record debits? first, then credits. Select the explanation on the last line of the journal entry? table.) Date Accounts and Explanation Debit Credit

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:30

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?

Answers: 2

Answer

Business, 22.06.2019 17:30

Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $

Answers: 2

Answer

Business, 22.06.2019 20:00

With the slowdown of business, how can starbucks ensure that the importance of leadership development does not get overlooked?

Answers: 3

Answer

Business, 22.06.2019 21:10

Your family business uses a secret recipe to produce salsa and distributes it through both smaller specialty stores and chain supermarkets. the chain supermarkets have been demanding sizable discounts, but you do not want to drop your prices to the specialty stores. true or false: the robinson-patman act limits your ability to offer discounts to the chain supermarkets while leaving the price high for the smaller stores. true false

Answers: 3

Answer

You know the right answer?

Pilgrim has acquired several other companies. Assume that Princeton purchased Kit for $ 7 comma 000...

Questions