PC reported the book vahue of its set assets at $200,000 when 2 Co acquired 100% ownership The far value of 's net assets was determined to be $255,000 on that date what amount of goodwill will be reported i soldated financial statements presented immediately following the combination of 2 paid $330,000 for the acquisition Select one O 25,000 €75,000

X Transactions for CCA Class 8 assets. Date Item Activity Amount March 11, 2002 Machine 1 Purchase $50,000 April 24, 2002 Machine 2 Purchase $150,000 November 3, 2005 Machine 3 Purchase $230,000 November 22, 2005 Machine 1 Sale $10,000 May 20, 2009 Machine 4 Purchase $50,000 August 3, 2014 Machine 5 Purchase $345,000 September 12, 2015 Machine 3 Sale $50,000 Churchill Metal Products opened for business in 2002. Its transactions for CCA Class 8 assets over the years are shown in the accompanying table. What CCA amount did Churchill Metal Products claim for the 20 percent UCC account in 2016? Click on the icon to view the transactions for CCA Class 8 assets. Churchill Metal Products claimed a CCA of $ in 2016. (Do not round until the final answer. Then round to the nearest dollar as needed.)

ACME Co. paid $110,000 for the net assets of Comb Corp. At the time of the acquisition the following information was available related to Comb's balance sheet:     Book Value Fair Value Current Assets $50,000 $  50,000 Building 80,000 100,000 Equipment 40,000 50,000 Liabilities 30,000 30,000   What is the amount recorded by ACME for the Building? a. $110,000 b. $20,000 c. $80,000 d. $100,000

What accounting entry would you do 50:50 joint operation was commenced between two participants. Mary Company contributed cash of $90 000, and Strickland Company contributed a Building with a fair value of $90 000 and a carrying amount of $75 000. Using the line-by-line method of accounting, Strickland Company would record? DR Building in JO                             $75 000        CR           Building                                                    $75 000   DR Building in JO                            $945000        CR           Building                                                    $37 500        CR           Gain on sale of building                          $7 500   DR Investment in joint operation    $45 000        CR           Building                                                    $37 500        CR           Gain on sale of building                          $7 500   DR Cash in JO                                  $45 000        DR    Building in JO…