Big Company purchased Small Company for $1,200,000. Small Company had assets with a fair value $1,075,000, and liabilities with a fair value of $200,000. 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”
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 $15 per share, and represents a 10% ownership stake. Big Bad Company made $475,000 of net income in 2018, and paid dividends to […]
On January 2, 2018, All Good Company purchased 8,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $14 per share, and represents a 30% ownership stake. Big Bad Company made $350,000 of net income in 2018, and paid dividends to All […]
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 […]
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