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
Nostrana [21]
3 years ago
8

In a business combination in which an acquiring company purchases 100% of the outstanding common stock of another company, if th

e fair value of the net identifiable assets acquired exceeds the fair value of the consideration given. The excess should be reported as a ___________.
Business
1 answer:
spin [16.1K]3 years ago
4 0

Answer:

It will be reported as gain.

Explanation:

If the fair value of the net identifiable assets acquired exceeds the fair value of the consideration given (purchase cost) will be a <u>negative goodwill.</u>

It will be due to <em>"bargain purchase"</em> and the accounting records the "negative goodwill" as a gain in the income statment

You might be interested in
Application of science and research the human life environments
melisa1 [442]
What??
there’s no question
5 0
3 years ago
Read 2 more answers
Which of the following statements about the importance of each competitive factors (but especially such highly influential facto
Luda [366]

Question Completion:

O Tiny cross-company differences on a highly influential competitive factor (like selling prices, or S/Q ratings or models/styles) nearly always have a bigger impact on company sales/market shares in a region than do large company-to-company differences on less influential competitive factors.

O While it is true that some competitive factors affect the brand choices of buyers more than others, what matters most in determining sales and market shares is competitive effort and the regional average on each competitive factor

O How much differences in the number of models/styles that companies have in their product lines matter in determining each company's unit sales/market share in a region is not a fixed amount but rather is an amount that varies from *big (when model/style differences are also "big") to "small  

O In the rare instance that all companies in a region should happen to offer buyers the very same number of differences are "small") to "zero" (when the models/styles offered by rivals are identical). models/styles, then models/styles become a total competitive non-factor and have zero impact on buyer appeal for one brand versus another-in such cases, 100% of the regional sales and market share differences among company rivals stem directly from differences on the other 12 competitive factors.

O Big company-to-company differences in the number of models/styles offered to buyers in a region weigh heavily in accounting for company-to-company differences in branded pairs sold and market share in all four geographic regions.

Answer:

The statements about the importance of each competitive factors (but especially such highly influential factors as selling prices, S/Q ratings, and number of models/styles offered) in determining company sales volumes and market shares in a particular geographic region which is false is:

O Tiny cross-company differences on a highly influential competitive factor (like selling prices, or S/Q ratings or models/styles) nearly always have a bigger impact on company sales/market shares in a region than do large company-to-company differences on less influential competitive factors.

Explanation:

This implies that the following factors drive company sales volumes and market shares in a particular geographic region: competitive effort, differences in the number of models/styles that companies have in their product lines, big company-to-company differences in the number of models/styles offered to buyers in a region, among the other 12 competitive factors.

4 0
3 years ago
On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accum
nekit [7.7K]

Answer:

The debit balance for the vehicles account was $20,000, and the credit balance of accumulated depreciation account was $18,000.

  • Dr Vehicles account 20,000
  • Cr Accumulated Depreciation Vehicles account 18,000

then the van was sold for $2,000

  • Dr Cash account 2,000
  • Cr vehicles account 2,000

Since the carrying value of the van was $2,000 (= $20,000 - $18,000) and the van was sold for $2,000, Patel had no gain or loss from this transaction.

4 0
3 years ago
On January 1, the first day of its fiscal year, Pretender Company issued $12,700,000 of five-year, 11% bonds to finance its oper
yarga [219]

Answer:

1) Debit Bank $11787069 Debit bond discount $912931 ; Credit Bond $12700000

2) Debit Interest expense $751293 ; Credit Bank $660,000 Credit Discount on Bond payable $91293

3 )Debit interest expense $ 751293 ; Credit bank 660000, Credit discount on bond payable $91293

b)Interest expense = $1502586

c)It is because a financial crisis might have happened prior to issuing the bond and the company still went ahead with issuing even though the rate has changed.

Explanation:

interest expense = 12000000 * 0.11 * 6/12=$660000

discount on bond payable = $912931 /5 = 182586 /2= 91293

Interest expense = $751293 * 2 = $1502586

7 0
3 years ago
Question 6 Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18
sveticcg [70]

Answer:

$18,250

Explanation:

Preparation of a production budget by quarters for the first 6 months of 2020.

Paige Company

Production Budget For the six months ended December 31, 2020

Expected unit sales 11,100 12,300

Add: Desired ending finished goods

2,706 2,706

(22%*$12,300)

Total required units 13,806 15,006

(11,100+2,706) (12,300+2,706)

Less: Beginning finished goods inventory

2,442 2,706

(22%*11,100) (22%*12,300)

Required production units 8,656 9,594

(11,100-2,442) (12,300+2,706)

Six Months: $18,250

(8,656 +9,594)

Therefore the production budget by quarters for the first 6 months of 2020 will be $18,250

5 0
3 years ago
Other questions:
  • A company just starting in business purchased three merchandise inventory items at the following prices. March 2, $150; March 7,
    14·1 answer
  • The basic difference between a good and a service is that a good
    10·2 answers
  • Refer to the data for Best Bagels, Inc. (BB). BB is considering moving to a capital structure that is comprised of 20% debt and
    11·1 answer
  • One study of businesses maintains that many businesses are __________ flextime, job sharing, and paid family leave.
    13·1 answer
  • A government budget deficit affects the supply of loanable funds, rather than the demand for loanable funds, because a. in our m
    12·1 answer
  • Tyco International CEO Dennis Koslowzki was convicted of fraud because he__________________.
    13·2 answers
  • Ryan is going to rent a truck for one day. There are two companies he can choose from, and they have the following prices. Compa
    13·1 answer
  • Bakery A sells bread for $2 per loaf that costs $0.50 per loaf to make. Bakery A gives an 80% discount for its bread at the end
    15·1 answer
  • In bobek's study of the effect of gender on decision-making of public accounting professionals, it was found that:____.
    6·1 answer
  • When aggregating data, all data may be used in the aggregation, but if you want only specific grouping, use the _________ specif
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!