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svetoff [14.1K]
3 years ago
12

WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, of which $15 million w

as allocated to goodwill. At the end of the current fiscal year, an impairment test revealed the following: fair value of SCC, $40 million; book value of SCC’s net assets (including goodwill), $42 million. What amount of impairment loss should WebHelper recognize?
Business
1 answer:
Rufina [12.5K]3 years ago
4 0

Answer:

No impairment loss.

Explanation:

Considering SSC as the reporting unit.

The fair value of this unit shall be compared against the book value including goodwill.

Here,

Fair value = $44 million  

Book value including goodwill = $42 million.

From the above information, it was seen that fair value of SSC is greater than the book value of SSC including goodwill.

Hence, there should be no impairment loss recognized by the WebHelper.

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Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, th
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Answer:

$468,844 approx.

Explanation:

<u>Assumption</u>: <u>Since the question is incomplete, with the available information it has been construed that calculation of bond price is required and the question has been solved accordingl</u>y.

The price of a bond is the present value of future cash receipts it generates to the investor in the form of interest stream and principal stream.

B_{0} = \frac{i}{(1\ +\ ytm)^{1} }\ +\ \frac{i}{(1\ +\ ytm)^{2} }\ +.....+\frac{i}{(1\ +\ ytm)^{n} } \ + \frac{RV}{(1\ +\ ytm)^{n} }

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B_{0} = \frac{22500}{(1\ +\ .05)^{1} }\ +\ \frac{22500}{(1\ +\ .05)^{2} }\ +.....+\frac{22500}{(1\ +\ .05)^{20} } \ + \frac{500000}{(1\ +\ .05)^{20} }

B_{0}= 12.46221  × 22,500 + 0.376889 × 22,500 = 280,399.725 + 188444.5

B_{0} = $468,844 approx

This is the present value of the bond which is lower than it's face value because market rate of return of similar bonds is higher than the coupon rate of payment by Westside Corporation.

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Explain the difference between direct and indirect strategy when writing reports​
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