Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 1 Day Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 31 Jul 2017 My Price 3.00

Par Corporation

Par Corporation recorded goodwill in the amount of $100,000 in its acquisition of Sel Company in 2011. Par paid a total of $350,000 to acquire Sel. In preparing its 2012 financial statements, Par estimates that identifiable net assets still have a fair value of $250,000, but the total fair value of Sel is now $320,000. Calculate the implied value of goodwill at December 31, 2012, and indicate how the change in value (if any) will affect Par’s 2012 income statement.

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Maurice Tutor
(5)
Status NEW Posted 31 Jul 2017 11:07 AM My Price 3.00

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