Intangible Assets 1,288,000 12-15 (a.) 335,000,000 Fair Value -160,000,000 net identifiable assets 175,000,000 impaired value of Goodwill 200,000,000 Carrying amount of Goodwill -175,000,000 Impaired value of Goodwill 25,000,000 Loss on Impairment Loss on Impairment 25,000,000 Goodwill 25,000,000 (b.) Once goodwill is written off, it cannot be written back up so no entry is necessary. CA12-2 Interest on Mortgage Bonds: 2009 amount is due to normal construction
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Grading Summary | These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. | Date Taken: | 11/20/2011 | Time Spent: | 2 h , 42 min , 46 secs | Points Received: | 197 / 200 (98.5%) | | Question Type: | # Of Questions: | # Correct: | Essay | 7 | N/A | | | Grade Details | 1. | Question : | (TCO A) Compare and contrast a merger with a tender offer. (15 points for merger
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The activities in Serbia are regarded as not impaired because the value in the use of CGU including goodwill exceeds its carrying amount. By the end of 2010 the govt passed a legislation drastically restricting exports of eagle’s main merchandise. The CGU in the end of 2010 was altered because of the new legislation, which included: cash $50, property plant and equipment 1,100, land 150, goodwill 300, total assets 1,600, liabilities (200), and carrying value 1,400 all in thousands. The case goes
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Copyright is protecting original work from infringement and distribution. Meanwhile, people are infringing the original work without author’s permission. ‘AAGB’ can protect their musical works under the ‘CDPA’. AAGB is the legal author of the song ‘You are accordioningly invited…’. Copyright can last until 70 years after author’s death or 50 years after it was created. Copyright gives monopoly rights to the owners. Copyright is not necessary to be registered, though a tangible form is sufficient
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Solutions to Homework Assignments: Chapter 9 38. Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $24,500. In addition, Jose incurred the following expenses before using the van: shipping costs of $650; paint to match the other fleet vehicles at a cost of $1,000; registration costs of $3,200 which included $3,000 of sales tax and a registration fee of $200; wash and detailing for $50; and an engine tune-up for $250. What is Jose’s cost basis
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CHAPTER 2 CONSOLIDATION OF FINANCIAL INFORMATION Answers to Questions 1. A business combination is the process of forming a single economic entity by the uniting of two or more organizations under common ownership. The term also refers to the entity that results from this process. (1) A statutory merger is created whenever two or more companies come together to form a business combination and only one remains in existence as an identifiable entity. This arrangement is often instituted by the acquisition
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no misrepresentations within your financial statements. The difference from the offer and the books could be caused by multiple different situations. First, the offer could have been high due to the offeror calculating goodwill that you have earned in your community. Goodwill is an intangible asset that is used
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Financial accounting Course Assessment 1 FACC/mcyildv2/July14/1 Part A Balance sheet: Income statement: Workings Balance sheet: a/ Tangible fixed assets: 66000£ of fixtures and fittings bought as per August 1st, 2013, needed to be depreciated over 6 years on a straight line method, taking into account a residual value of 10%, meaning 6600 £. This means a yearly depreciation amount of 9900£, which can also be seen on line ‘p’ in the income
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particular areas that we will need additional information on which is of concern to you are adjusting lower cost of market inventory on valuation, capitalizing interest on building construction, recording gain or loss on asset disposal, and adjusting goodwill for impairment. This memo will explain why we need this additional information. Overall the additional information will give your company the best analysis of your work on your project. First we will need additional information on adjusting lower
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team to think of new features for a new product that will replace the old one. Team A discussed how the product life cycle can be used for services; Goodwill provides a service that assists individuals with disabilities find employment. Team A discussed the process Goodwill and other vendors went through to offer the service to State agencies. Goodwill had to market the service, and over the years additional vendors entered the business of offering the same service.
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