The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
On January 2, 2013, Pilates in., paid $900,000 for all of the outstanding common stock of Spinning Company, and dissolved Spinning Company. Â The carrying values for Spinning Company's assets and liabilities are recorded below. Â Cash $200,000, Accounts Receivable 220,000, copyrights (purchased) 400,000, goodwill 120,000, liabilities 180,000 totaling 760,000 in net assets. Â on January 2, 2013 Spinning anticipated collected $185,000 of the recorded Accounts receivable. Â Palates enter into the acquisition because Spinning had copyrights that Pilates wished to own, and also unrecorded patents with a fair value of 100,000. Â Calculate the amount of goodwill that will be reported on Pilate's balance sheet as of the date of acquisition
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll