Fortitude Company purchased an entity for P6,000,000 cash on January 31. The book value and fair value of the assets of the acquired entity as of the date of acquisition follow: Book Value Fair Value Cash 50,000 P 50,000 500,000 Accounts receivable 500,000 Inventory Patent 1,000,000 1,500,000 250,000 | Property, plant and equipment 2,000,000 3,000,000 In addition, the acquired entity had liabilities totaling P2,000,000 at the time of the acquisition. The acquired entity has no other separately identifiable intangible assets. What is the goodwill arising from the acquisition?

Fortitude Company purchased an entity for P6,000,000 cash on January 31. The book value and fair value of the assets of the acquired entity as of the date of acquisition follow: Book Value Fair Value Cash 50,000 P 50,000 500,000 Accounts receivable 500,000 Inventory Patent 1,000,000 1,500,000 250,000 | Property, plant and equipment 2,000,000 3,000,000 In addition, the acquired entity had liabilities totaling P2,000,000 at the time of the acquisition. The acquired entity has no other separately identifiable intangible assets. What is the goodwill arising from the acquisition?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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AutoSave Off Document4 - Word O Search Jasmine Thompson File Home Insert Draw Design Layout References Mailings Review View Help E Share Comments X Cut Calibri (Body) - A A Aa AsEE E EE T O Find 12 Copy Paste AaBbCcDd AaBbCcDd AaBbC AaBbCcD AaB AaBbCcD AaBbCcDd AaBbCcDd Replace BIU ab x, x A e Av I Normal 1 No Spac. Heading 1 S Format Painter Heading 2 Title Subtitle Subtle Em... Emphasis Dictate Editor A Select Clipboard Font Paragraph Styles Editing Voice Editor 3. 4 4. Using the FIFO method, the most recent purchases of inventory are assumed to be contained: a. on the balance sheet as part of ending inventory b. on the income statement as part of cost of goods sold c. equally split between the income statement and the balance sheet d. on the income statement as part of sales revenue e. allocated between inventory and cost of goods sold based on the gross margin percentage. Page 2 of 7 1088 words K English (United States) O Focus 232% P Type here to search ENG 7:52 PM US 1/20/2021…
7. Uneven cash flows A series of cash flows may not always necessarily be an annuity. Cash flows can also be uneven and variable in amount, but the concept of the time value of money will continue to apply. Consider the following case: The Purple Lion Beverage Company expects the following cash flows from its manufacturing plant in Palau over the next five years: Annual Cash Flows Year 2 Year 3 Year 4 Year 5 Year 1 $100,000 $20,000 $330,000 $450,000 $750,000 this investment is 4%. What is the present value of this uneven cash flow The CFO of the company believes that an appropriate annual interest rate stream, rounded to the nearest whole dollar? O $450,000 O $2,025,000 O $1,675,000 O $1,409,121 flows or annuity payments: Identify whether the situations described in the following table are examples of uneven MacBook Air 4> F10 F9 F8 F7 F6 F5 F4 F2 % 24 4. %23 0 5 6 8 3
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AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
AutoSave Off Document4 - Word O Search Jasmine Thompson File Home Insert Draw Design Layout References Mailings Review View Help X Cut A Share D Comments Calibri (Body) 12 - A A Aav A EEE EE A T O Find Copy AaBbCcDd AaBbCcDd AaBbC AABBCCD AaB AaBbCcD AaBbCcDd AaBbCcDd Paste BIU ab x, x A 2v Av 三、 v S Format Painter 1 Normal I No Spac. Heading 1 Heading 2 Replace Title Subtitle Subtle Em... Emphasis Dictate Editor Clipboard A Select v Font Paragraph Styles Editing Voice 1 Editor 1 4 1. 16. Assume a beginning inventory of $28,000, ending inventory of $47,000, purchases of $110,000, and purchase returns of 15,000. If the gross margin percent is 60%, how much is net sales revenue? a. $190,000 b. $151,667 c. $425,000 d. $126,667 e. $227,500 е. B English (United States) DFocus 220% Page 5 of 7 1116 words ENG 8:40 PM P Type here to search 1/20/2021 US BANG &O UFSEN home 96 "3 目 00
soal MTK-dikonversi.docx - Word F- Ences Mailings Review View Help Acrobat Foxit PDF Tell me what you want to do 令|m、m、折。 AaBbCc[ AaBbCcD AaBbCc[ AaBbCc[ AABBCCI 1 Normal T Body Text T List Para... T No Spac. I Table Pa. Paragraph Styles Ec 1 2 . 3 I 4 . 5 I PINANIA is a famous chocolate factory in Switzerland. Each year, the company must produce as many as 2,200 units (with the same amount of production). Sales are evenly distributed throughout the year. The company wants to determine the number of sizes that can be charged for ordering (setup costs) and holding costs (carrying costs). It can be seen that the production cost for each unit is $50, the carrying cost is 10% of the average inventory and the setup cost is $20 (per production). Question : By using the Differentiation Method (1st and 2nd Derivative Test), Determine the economic lot size for the company and provide an explanation of the calculation results. ASUS ト

Document1 - Word A victor francis froilan 困 O X File Home Insert Design Layout References Mailings Review View Help Tell me what you want to do 유 Share X Cut O Find Calibri (Body) -|| 18 A A Aa v AaBbCcDd AaBbCcDd AABBCC AABBCCC AaB AaBbCcD AaBbCcDd AaBbCcDd AaBbCcDd e Copy aac Replace Paste В I U v abe X2 x aby v 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. Emphasis Intense E... V Format Painter A Select - Clipboard Font Paragraph Styles Editing GET GENUINE OFFICE Your license isn't genuine, and you may be a victim of software counterfeiting. Avoid interruption and keep your files safe with genuine Office today. Get genuine Office Learn more QUESTION 6, With the amount he receivd from the government's aid during the pandemic, Mike ventured into business and started with a small capital. On the firstwek, he gained P500. On the second and third wek, he ost 40 and P250 respectivly. On the fourth week, he gained P900 and his money doubled after the fifthweek and now…
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A FinRatioExercise Intro.xls - Compatibility Mode AutoSave or ome Page Layout Formulas Data Review View O Tell me Insert Draw E Insert v Arial v 10 • A A 29 Wrap Text v General 5 Delete v E E= E E $ v % 9 Conditional Format Formatting as Table Styles Cell BIUV 出。 Paste E Merge & Center v A Format v 07 fx A B D E F G H J K M Comp Sales Rev COGS $137 $159 $133 GrossProfit GPMarg $67 $78 $68 ROE Debt/Eg ICurrentAssiCurrentLiablCurrRatio shares EPS $78 Net Profit TotLiab Equity $145 $164 $168 $138 $176 2 $95 $20 $25 65 3 B 4 C 5 D 6 $237 $189 $211 $179 $114 $118 $88 $126 60 $18 $23 $12 $77 $69 $74 $62 60 $128 $113 $51 $62 60 $140 60 7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Sheett Sheet2 Sheet3 Ready MacBook Pro esc BI U ily く ※ %23 2$ & 2 4. 7 8. W E Y. U A H. K C V T SI
AutoSave Normal 因 Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) v 11 - A^ A Aav A E E O Find - AaBbCcDc AaBbCcDc AABBCC AABBCCC AaB AABBCCC AaBbCcDa 自Copy Paste S Replace В IUvab х, х* А 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 2 3 4 Winter Company reported the following for the most recent month: Physical Units 700 Beginning work in process (60% complete) Units transferred in (started) during month Ending work in process 4,800 950 Materials are added at the end of the process and conversion costs are added evenly throughout the process. If equivalent whole units of production for conversion using the weighted average were 4,816, what percent complete was ending work in process at the end of the month? (Round to the nearest whole percent.) а. 20% b. 16%…