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
astra-53 [7]
3 years ago
15

Carla Vista Company purchases Sandhill Company for $2470000 cash on January 1, 2021. The book value of Sandhill Company’s net as

sets, as reflected on its December 31, 2020 balance sheet is $1923000. An analysis by Carla Vista on December 31, 2020 indicates that the fair value of Sandhill’s tangible assets exceeded the book value by $190500, and the fair value of identifiable intangible assets exceeded book value by $142500. How much goodwill should be recognized by Carla Vista Company when recording the purchase of Sandhill Company?
Business
1 answer:
Nady [450]3 years ago
3 0

Answer: $214000

Explanation:

The amount of goodwill that should be recognized by Carla Vista Company when recording the purchase of Sandhill Company will go thus:

Book value of net assets = $1923000

Add: Excess fair value of tangible asset = $190500

Add: Excess fair value of intangible assets = $142500

Fair value of net assets = $1923000 + $190500 + $142500 = $2256000

Therefore, Goodwill will be:

=Cash paid for purchase - Fair value of net assets

= $2470000 - $2256000

= $214000

You might be interested in
The human resources department is happy to announce a career development workshop. the workshop will be led by joseph pelletier.
katrin2010 [14]

Based on the question provided above, there are no choices provided and I have found a similar question that has its choices which are;

-          Use only complex sentences

-          Correct run-on sentences

-          Correct fragments

-          Use only simple sentences

-          Reduce sentence lengths

With the given choices, the correct answers are the following;

-          Correct run-on sentences – run on sentences should be corrected in order for the faulty sentences to be improved and revise as they contain two or more main clause or independent clause in which are being joined without any word to correct them and by this, it makes the readers confused.

-          Correct fragments – fragments should be corrected as these are sentences that are incomplete that makes the content of an information to lose its value as the information is incomplete.

-          Reduce sentence lengths – it is best to reduce sentence lengths so that the readers won’t find the reading material boring to read at and in the same time, make it more easy and attractive to read

8 0
3 years ago
A majority of employees surveyed believe that a top manager who violated ethics policies at their company would be
andrezito [222]
They would be rebuffed and considered responsible. It lays out measures of moral conduct and expert lead workers are required to keep up interior and amid connections with customers and accomplices. An infringement of the code implies you have acted in a way that conflicts with the code. Doing as such prompts outcomes, as laid out in the archive.
4 0
3 years ago
A business that purchases products in large quantities from producers and then sells it to another entity is known as a _____.
BigorU [14]
A business that purchases products in large quantities from producers and then sells it to another entity is know as a distributor. 

Distributors, distribute items to smaller retailers normally. They work as a warehouse with large quantities to sell to others in smaller quantities. 
7 0
3 years ago
In earned value management, a baseline includes ____ (wbs tasks), time (start and finish estimates for each task), and cost info
shusha [124]

Answer:

The correct answer is:  scope.

Explanation:

Earned Value Management (<em>EVM</em>) is a helpful method that allows high-rank executives to measure the performance of their projects. It analyses the difference between the work planned in the project with the work performed. The three pillars of EVM are <em>scope, time, </em>and <em>cost information</em>. The scoping process implies a Work Breakdown Structure (<em>WBS</em>) where the initial plan is broken into micro levels for better analysis.

3 0
3 years ago
Which sentence best explains the mistake Maggie made? Her mortgage payments are high, and some months, she earns barely enough t
blondinia [14]

Answer:

She failed to properly assess her risk of storm damage.

Explanation: Edge 2021

4 0
3 years ago
Other questions:
  • "why is the introduction of the speech so important?"
    12·1 answer
  • A company with $500,000 in operating assets is considering the purchase of a machine that costs $60,000 and which is expected to
    13·1 answer
  • Individuals and companies respond to incentives in order to allocate their scarce resources in ways that provide the __________
    12·2 answers
  • On March 1, Song Corp. receives a $100,000, 90-day, noninterest-bearing note receivable from a customer. The note has a 12% disc
    12·1 answer
  • Adams Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells bet
    5·1 answer
  • What responsibilities do you think people have as citizens in our global economy
    6·1 answer
  • Downtown Stores can issue equity at a flotation cost of 8.76 percent and debt at 5.93 percent. The firm currently has a debt-equ
    9·1 answer
  • Suppose that Canada can produce 100,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek, while Germany can
    15·1 answer
  • . A nonfinancial performance measure is often used to evaluate the __________ of a business activity. time quality quantity All
    7·1 answer
  • Cakery bakery receives $1,000 from a customer on august 5, 2016 for a wedding cake to be delivered on september 19, 2016. what w
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!