Business

Business, 20.11.2019 20:31, moisescab662

Felhofer inc. purchased mckinley marine on june 1, 2012 for $25,000,000 and recorded goodwill of $3,100,000 in connection with the purchase. at december 31, 2015, the mckinley marine division had a fair value of $25,400,000. the net identifiable assets of mckinley (including goodwill) had a fair value of $24,900,000 at that time. what amount of loss on impairment of goodwill should felhofer record in 2015? (a)$0.(b)$500,000.(c)$600,000.(d)$2 ,600,000.

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Business, 02.08.2019 22:10, notsobright10

Felhofer inc. purchased mckinley marine on june 1, 2012 for $25,000,000 and recorded goodwill of $3,100,000 in connection with the purchase. at december 31, 2015, the mckinley marine division had a fair value of $25,400,000. the net identifiable assets of mckinley (including goodwill) had a fair value of $24,900,000 at that time. what amount of loss on impairment of goodwill should felhofer record in 2015? (a)$0.(b)$500,000.(c)$600,000.(d)$2,600,000.

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Business, 10.09.2019 03:30, trentdhall56

On june 1 of year 1, riverside corp. (rc), a calendar-year taxpayer, acquired the assets of another business in a taxable acquisition. when the purchase price was allocated to the assets purchased, rc determined it had purchased $1,557,000 of goodwill for both book and tax purposes. at the end of year 1, the auditors for rc determined that the goodwill had not been impaired during the year. in year 2, however, the auditors concluded that $505,000 of the goodwill had been impaired, and they required rc to write down the goodwill by $505,000 for book purposes. (do not round intermediate calculations.) a-1. what book-tax difference associated with its goodwill should rc report in year 1? b-1. what book-tax difference associated with its goodwill should rc report in year 2?

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Business, 12.11.2019 23:31, maskythegamer

On june 30, 2014, diode inc. purchased for cash at $50 per share all 150,000 shares of outstanding common stock of moore company. moore's balance sheet at june 30, 2014, showed net assets with a book value of $6,000,000. the fair value of moore's property, plant, and equipment on june 30, 2014, was $800,000 in excess of its book value. what amount, if any, will be recorded by diode as goodwill on the date of purchase?

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Felhofer inc. purchased mckinley marine on june 1, 2012 for $25,000,000 and recorded goodwill of $3,...

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