Entries by mary WAMBUGU

Big Company purchased Small Company for $1,350,000. Small Company had assets with a fair value $1,075,000, and liabilities with a fair value of $120,000.

August 24, 2019 in /by

Big Company purchased Small Company for $1,350,000. Small Company had assets with a fair value $1,075,000, and liabilities with a fair value of $120,000. Use this information to determine the dollar value of goodwill? (round to nearest whole dollar)   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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On January 2, 2018, All Good Company purchased 5,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence.

August 24, 2019 in /by

On January 2, 2018, All Good Company purchased 5,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence.  The investment is intended as a long-term investment.  The stock was purchased for $10 per share, and represents a 10% ownership stake. Big Bad Company made $250,000 of net income in 2018, and paid dividends to […]

 

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Allstar Company signed a $200,000 mortgage on July 1, 2018 for the purchase of their new garage building. The mortgage entailed equal monthly payments of $2,900 at the end of each month.

August 24, 2019 in /by

Allstar Company signed a $200,000 mortgage on July 1, 2018 for the purchase of their new garage building. The mortgage entailed equal monthly payments of $2,900 at the end of each month. The interest rate is 6.0% per year.  How much interest expense will be paid on August 31, 2018? (Round your answer to the nearest […]

 

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On January 2, 2018, Alpaca Company purchased 15,000 shares of the stock of Zebra Company, and did not obtain significant influence.

August 24, 2019 in /by

On January 2, 2018, Alpaca Company purchased 15,000 shares of the stock of Zebra Company, and did not obtain significant influence.  The investment is intended as a long-term investment.  The stock was purchased for $12 per share, and represents a 10% ownership stake.  Zebra Company made $55,000 of net income in 2018, and paid dividends of 50 cents […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"