1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RUDIKE [14]
3 years ago
12

At the date of the business combination, the book values of Spice’s assets and liabilities approximated fair value except for in

ventory, which had a fair value of, and land, which had a fair value of
Business
1 answer:
agasfer [191]3 years ago
8 0

Answer:

$830,000.

Explanation:

Step one: determine or Calculate the total number of assets.

Total number of assets = Retained Earnings + inventory(spice) + cash + land fair value + inventory (pumpkin)

Total number of assets = 180,000 + 25,000 + 15,000 + 95,000 + 30,000 = $345,000.

Step two : Calculate or determine the total liabilities.

Total liabilities = retained earnings + bonds payable + Account payable (pumpkin) +

Total liabilities = 180,000 + 40,000 + 10,000 = $230,000.

Step three: determine the value for the total amount of goodwill.

Total amount of Goodwill = A - B

Where A = paid consideration + non controlling interest fair value.= $(210000 + 90000) = $300, 000.

B= acquired Assets - assumed liabilities. = $(345,000 - 230,000) = $115,000.

Total amounts of Goodwill = A - B = $185,000.

Step four: determine the consolidated sheet;

185,000 + 95,000 + 65,000 + 360,000 + 30,000 + 95,000 = $830,000.

You might be interested in
Jake’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $60000, terms 2/10, n
castortr0y [4]

Answer:

$57924

Explanation:

(60000- 1200 x.98) + 300= $57924

3 0
3 years ago
Read 2 more answers
The New Fund had average daily assets of $2.2 billion in the past year. If New Fund’s expense ratio was 1.1% and the management
Marizza181 [45]

Answer: $15,400,000

Explanation:

The fees paid to the fund's investment managers during the year would simply be the Management fee of 0.7% of the average daily assets. The expense ratio refers to other adminstrative expenses.

= 2,200,000,000 * 0.7%

= $15,400,000

8 0
3 years ago
The FTC regulates businesses to prevent price-fixing and similar monopolistic practices. What is the main reason the FTC discour
Irina18 [472]
The answer is B, Monopolies limit competition, which unbalance forces that rregulate the market system
7 0
3 years ago
Read 2 more answers
Difference between mature and fertilizer​
Daniel [21]

Fertilizer and manure can be added to the soil in order to increase the yield of crops. Fertilizer, however, has more nutrients in it and is therefore more beneficial to growing plants. Manure can be prepared in fields (created by animal and plant wastes) while fertilizer is created in factories (using chemical compounds). Manure provides humus to the soil while fertilizer does not, but fertilizer is absorbed by plants more quickly than manure.

8 0
3 years ago
You can have your cake or chose to eat it
Oksi-84 [34.3K]

Answer:

Exclude people from your property

4 0
3 years ago
Read 2 more answers
Other questions:
  • Sarah's company encourages her to tolerate ambiguity and reward her employees for taking risk. In​ addition, she often has descr
    15·1 answer
  • Government agencies are which of the following?
    13·2 answers
  • Interview any local business owner and request him/her to identify any business problem that they are experiencing. Apply the De
    14·1 answer
  • Zachary Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the compan
    13·2 answers
  • A firm that wants to achieve economies of scale could do so by a. producing a smaller quantity of output. b. employing a smaller
    13·1 answer
  • Combinations of the marketing mix that reflect the unique attitudes, ancestry, communication preferences, and lifestyles of diff
    14·1 answer
  • Your textbook authors describe a treatment plan for one of the somatic symptom and related disorders that includes efforts to re
    14·1 answer
  • Define equity economics.​
    12·2 answers
  • Question 6 of 10
    8·1 answer
  • A company sold equipment that originally cost $280,000 for $140,000 cash. the accumulated depreciation on the equipment was $140
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!