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
Anni [7]
3 years ago
14

Axiom Corporation reported the book value of its net assets at $600,000 when Zebra Corporation acquired 100 percent ownership. T

he fair value of Axiom's net assets was determined to be $900,000 on that date. What amount of goodwill will be reported in consolidated financial statements presented immediately following the combination if Zebra paid $950,000 for the acquisition
Business
1 answer:
Nutka1998 [239]3 years ago
7 0

Answer:

$50,000

Explanation:

Goodwill is the excess of purchase consideration over the net assets of the business acquired.

Purchase consideration in this case is $950,000

The net assets =fair value of assets-fair value of liabilities

The fair value of net assets is already computed at $900,000 as provided in the question.

Goodwill=$950,000-$900,000=$50,000

Ultimately, the excess of purchase consideration  over fair of net assets of the acquired business is $50,000

You might be interested in
What kind of policy can a company implement that can help diminish the activity of sending unsolicited email?
klemol [59]

Answer:

anti-spam policy

Explanation:

Spam emails are unsolicited emails that are usually sent to a large number of people. Therefore, if the company is trying to reduce unsolicited emails (spam) it should carry out an anti-spam policy.

The problem with spam is that it creates a negative image of the company, since current or potential clients can get annoyed by receiving so many unsolicited emails with advertisements or promotions. Instead of helping the company, spam email damages its.

8 0
3 years ago
Meaning of accounting​
frutty [35]

Answer:

<em>Accounting is the process of recording financial transactions pertaining to a business.</em> 

6 0
3 years ago
Toys, Trinkets and More requires a minimum rate of return of 12% on its average operating assets. The toy department currently h
Serggg [28]

Answer:

Residual Income = $6,000

Explanation:

Residual income is the excess income of a firm leftover the opportunity cost of capital or over the desired income.

Given,

The minimum rate of return 12%

Average operating assets = $300,000

Net operating income = $42,000

We know,

Residual Income = Net Operating Income - (Average operating assets x the minimum rate of return)

Residual Income = $42,000 - ($300,000 x 12%)

Residual Income = $42,000 - $36,000

Residual Income = $6,000

6 0
4 years ago
The rhythmic value of beamed notes is determined by
nikitadnepr [17]

A beam is a flat or diagonal line used to attach multiple consecutive notes (and irregularly rests) to designate rhythmic grouping. The rhythmic value can be determined through the number of notes. One beam is 8th note, 2 is 16th, 3 is 32nd, etc. in other words, the first beam touching the stem.

7 0
3 years ago
A customer in the 28% tax bracket has $6,000 of capital gains and $9,000 of capital losses. How much unused loss is carried forw
rusak2 [61]

Answer:

Nill

Explanation:

Given that;

Capital gain tax = $6,000

Capital losses = $9,000

Net loss = Capital loss - Capital gain

Net loss = $9,000 - $6,000

Net loss = $3,000

Recall that maximum net loss deductible from taxes in a year is $3,000

Therefore,

Unsecured loss carried into next year

= Net loss - Deductible

= $3,000 - $3,000

= Nil

7 0
3 years ago
Other questions:
  • Jones Retail. had the following balances and transactions during 2017:
    7·1 answer
  • The process of discussing a marketing problem with informed sources both within and outside the firm and examining information f
    8·1 answer
  • Mumbai Grocery in India buys produce directly from farmers. It provides the farmers with information: It tells them the amount i
    8·1 answer
  • The types of resources needed by a business are financial, physical, and labor resources.
    6·1 answer
  • Assume a hypothetical case where an industry begins as perfect competition and then becomes a monopoly. As a result of this​ cha
    10·1 answer
  • _____ is the ability for all organizations in a supply chain to access or view relevant data on purchased materials as these mat
    6·1 answer
  • Which of the following is not an example of a<br>n IDE device??​
    12·1 answer
  • PRODUCT MIX DECISION, SINGLE CONSTRAINT
    11·1 answer
  • IKEA has essentially changed the way people shop for furniture. Discuss the pros and cons of this strategy, especially as the co
    11·2 answers
  • What are the different components that electronic banking provides?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!