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Category > Accounting Posted 16 May 2017 My Price 6.00

Accounting for Intangible Assets (Goodwill)

 

Accounting for Intangible Assets (Goodwill)

On January 1, 2009, InterGalactic Company purchased the following assets and liabilities from Immensity Company for $325,000:

Required:

Prepare a journal entry to record the purchase of Immensity by InterGalactic.

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 16 May 2017 11:05 AM My Price 6.00

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Attachments

file 1494933558-2088295_1_636303368401704159_Goodwill-journal 1.xlsx preview (82 words )
20-----------882-----------95&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------395-----------983-----------Acc-----------oun-----------tin-----------g f-----------or -----------Int-----------ang-----------ibl-----------e A-----------sse-----------ts -----------(Go-----------odw-----------ill-----------)On----------- Ja-----------nua-----------ry -----------1, -----------200-----------9, -----------Int-----------erG-----------ala-----------cti-----------c C-----------omp-----------any----------- pu-----------rch-----------ase-----------d t-----------he -----------fol-----------low-----------ing----------- as-----------set-----------s a-----------nd -----------lia-----------bil-----------iti-----------es -----------fro-----------m I-----------mme-----------nsi-----------ty -----------Com-----------pan-----------y f-----------or -----------$32-----------5,0-----------00:-----------$co-----------stF-----------air----------- Ma-----------rke-----------t v-----------alu-----------e(F-----------MV)-----------Inv-----------ent-----------ory-----------Bui-----------ldi-----------ngL-----------and-----------acc-----------oun-----------ts -----------Rec-----------eiv-----------abl-----------esA-----------cco-----------unt-----------s P-----------aya-----------ble-----------Req-----------uir-----------ed:-----------Pre-----------par-----------e a----------- jo-----------urn-----------al -----------ent-----------ry -----------to -----------rec-----------ord----------- th-----------e p-----------urc-----------has-----------e o-----------f I-----------mme-----------nsi-----------ty -----------by -----------Int-----------erG-----------ala-----------cti-----------c.F-----------air----------- Ma-----------rke-----------t v-----------alu-----------e o-----------f T-----------ang-----------ibl-----------e a-----------sse-----------ts=-----------Sum----------- of----------- Fa-----------ir -----------Mar-----------ket----------- va-----------lue-----------
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