Company X acquires 100 percent of the voting shares of Company Y for $275,000 on December 31, 2008. The fair value of the net assets of Company X at the date of acquisition was $300,000. This is an example of a(n): Select one: a. extraordinary loss b. revaluation adjustment c. bargain purchase d. positive differential

Company A acquires 80% of Company B's outstanding shares for $7 million. The fair value of Company B's net identifiable assets is $7 million at the acquisition date. Company B has a highly-skilled workforce and strong brand recognition that are not separately identifiable on their balance sheet. Calculate the amount of goodwill to be recognized as a result of the acquisition. Prepare the consolidated worksheet entries at the acquisition date. Discuss the subsequent accounting treatment of the goodwill, including impairment testing procedures. Kindly do not provide chat gpt answers, posting this question 3rd time here. If feel the question is from chatgpt and copied from any other source, Wrong answer gets 5 dislikes with red rating & don't get reported Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

A-2

B6.

What are the accounting ramifications of each of the three following situations involving the payment of contingent consideration in an acquisition? a. P Company issues 100,000 shares of its $50 fair value ($1 par) common stock as payment to buy S Company on January 1, 2015. P agrees to pay $100,000 cash two years later if S income exceeds an income target. The target is exceeded. b. P Company issues 100,000 shares of its $50 fair value ($1 par) common stock as payment to buy S Company on January 1, 2015. P agrees to issue 10,000 additional shares of its stock two years later if S income exceeds an income target. The target is exceeded. c. P Company issues 100,000 shares of its $50 fair value ($1 par) common stock as payment to buy S Company on January 1, 2015. P agrees to issue 5,000 additional shares two years later if the fair value of P shares falls below $50 per share. Two years later, the stock has a fair value below $50, and added shares are issued to S.

On January 1, 2010 Hand acquires 100% of Finger in a statutory merger. At acquisition date the following were the book values and fair values of fixed assets of these two companies:                   Book Value.          Fair Value Hand          900,000                800,000 Finger         200,000                300,000  a.  What is consolidated fixed assets under the acquisition method b. What is consolidated fixed assets under the purchase method c.What is consolidated fixed assets under the pooling of interests method thank you

Please Compute the Goodwill on the Acquisition Data. That is all of the Information that is needed for the question   Also Please make sure it is correct

Company X acquired 100% of the voting shares of Company Y for $137,500 on 1/1/2022. The fair value of the net assets of Company Y at the date of acquisition was $150,000. This is an example of a(n): Select one: O O FELIC a. revaluation adjustment b. bargain purchase c. extraordinary loss d. positive differential id

Alpha Company used debentures with a par valueof $660,000 to acquire 100% of Zeta, on January 1, 2013. On that date the fair value of the debentures issued was $644,000. The following balance sheet data were reported by Zeta at the point of the acquisition:     Historical Cost Fair Value Cash and Receivabled 80,000 75,000 Inventory 145,000 200,000 Land 75,000 75,000 Plant & Equipment 450,000 350,000 Less: Accumulated Depreciation -170,000   Total Assets 580,000 700,000   Accounts Payable   50,000   50,000 Common Stock 100,000   Additional Paid i n Capital 60,000   Retained Earnings 370,000   Total Liabilities & Equity 580,000     Prepare the entry to record the above transaction.

Hoolia Corporation acquires equipment and patents from another company for $50 million and records the acquisition as an asset acquisition. The equipment has a fair value of $19.20 million and the patents have a fair value of $28.80 million. Neither asset is nonqualifying. At what value does Hoolia record the equipment? Select one: a. $25.0 million b. $20.0 million c. $21.2 million d. $19.2 million