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disa [49]
3 years ago
12

Presented below is net asset information related to the Marin Division of Santana, Inc.MARIN DIVISIONNET ASSETSAS OF DECEMBER 31

, 2017(IN MILLIONS)Cash $64Accounts receivable 213Property, plant, and equipment (net) 2,608Goodwill 214Less: Notes payable (2,603)Net assets $496 The purpose of the Marin Division is to develop a nuclear-powered aircraft. If successful, traveling delays associated with refueling could be substantially reduced. Many other benefits would also occur. To date, management has not had much success and is deciding whether a write-down at this time is appropriate. Management estimated its future net cash flows from the project to be $430 million. Management has also received an offer to purchase the division for $335 million. All identifiable assets’ and liabilities’ book and fair value amounts are the same.Prepare the journal entry to record the impairment at December 31, 2017. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
BartSMP [9]3 years ago
8 0

Answer:

The impairment loss of $161m is jounalized below:

Account Debit Credit

                                $m         $ m

Loss on impairment 161.00  

Goodwill                               161.00

Being impairment recorded  

The impairment test on Marin division of Santana that gave rise to impairment loss of $161 m found in the attached spreadsheet

Explanation:

Please note excel formula used in each cell.

Download xlsx
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Claire wants to introduce an electric vegetable chopper that can also work on hand-gesture commands. She wants to demonstrate th
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Answer:

direct channel (or producer to consumer)

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This channel is appropriate when a producer is trying to introduce an innovative product or service and wants to reach a large audience. The best way a manufacturer or producer can sell its products or services directly to consumer is through internet sales.

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You invested a total of $8,400 in shares of the three stocks at the given prices, and expected to earn $248 in annual dividends.
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Answer:

WSR's stock = 100

HCC's stock = 50

SNDK stock = 50

Explanation:

let W = WSR's stock

let H = HCC's stock

let S = SNDK stock

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-1.12W - 1.12H - 1.12S = -224

1.12W + 1.12H + 1.6S = 248

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S = 24/0.48 = 50

W + H + S = W + H + 50 = 200

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16W + 56H = 4,400

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H = 2,000 / 40 = 50

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