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Scilla [17]
2 years ago
14

Patton has acquired several other companies. Assume that Patton purchased Kate for $ 9 comma 000 comma 000 cash. The book value

of Kate's assets is $ 18 comma 000 comma 000 ​(market value, $ 20 comma 000 comma 000​), and it has liabilities of $ 14 comma 000 comma 000 ​(market value, $ 14 comma 000 comma 000​). Requirements 1. Compute the cost of goodwill purchased by Patton. 2. Record the purchase of Kate by Patton. Requirement 1. Compute the cost of goodwill purchased by Patton. Purchase price to acquire Kate Market value of Kate's assets Less: Market value of Kate's liabilities Less: Market value of Kate's net assets Goodwill
Business
1 answer:
mel-nik [20]2 years ago
6 0

Answer:

1. Compute the cost of goodwill purchased by Patton.

goodwill = acquisition price - FMV (assets - liabilities)

acquisition price = $9,000,000

FMV assets = $20,000,000

FMV liabilities = $14,000,000

Goodwill = $9,000,000 - ($20,000,000 - $14,000,000) = $9,000,000 - $6,000,000 = $3,000,000

2. Record the purchase of Kate by Patton.

Dr Kate Co. 6,000,000

Dr Goodwill 3,000,000

    Cr Cash 9,000,000

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Answer:

Discrimination

Explanation:

1) diversity --- not diversity

2) discrimination --- possibly discrimination. Discriminating against other groups.

3) inclusiveness --- means to cover many areas, not the case here. He is covering only his area.

4) persecution --- ill treatment based by race, or political beliefs.

I am not considering "men" on his team, because it doesn't apply discrimination. He simply is just biased to his people. Which is a group. However he is not just persecuting someone. Best answer is discrimination.

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3 years ago
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Tan Corporation issued $600,000,000 of 7% bonds on November 1, 2015, for $644,636,000. The bonds were dated November 1, 2015, an
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Answer:

Interest Expense $6,446,360

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Explanation:

Interest Expense for the year =

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$644,636,000 * 0.06 * 2/12 = $6,446,360

Interest Payable =

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Mueller Company sold merchandise costing $120,000 for $240,000. Mueller estimates that merchandise costing $5,000 will be return
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The answer is $230,000

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Net sales = Gross sales - goods returned

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The Federal Reserve has the power to implement and manage which type of
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