contestada

New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $70,300 in cash. The book values and market values of Red Rock's assets and liabilities were as follows:

Book Value Fair Value
Current assets $22,500 $22,800
Property, plant, and equipment 40,100 52,100
Other assets 4,800 5,400
Current liabilities 10,600 15,100
Long-term liabilities 22,400 20,900


Calculate the amount paid for goodwill.

Respuesta :

TomShelby

Answer:

good wil 26,000

Explanation:

acquisition 70,300 cash

asset book value

22,500 + 40,100 + 4,800 = 67,400

Liab book

10,600 + 22,400 = 33,000

net book value   34,400

asset fair value

22,800 + 52,100 + 5,400 = 80,300

liab fair

15,100 + 20,900 = 36,000

net fair value 44,300

70,300 - 44,300 = 26,000

The assets and laib enter New Haverst Bakery account as his fair value.

The goodwill will be the difference betwene this fair value and the amount of the acquisition.

Otras preguntas