Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 5.00

fair values

Our company purchased all of the outstanding stock of another company, paying $2,700,000 cash. Our company assumed all of the liabilities of other company. Book values and fair values of acquired assets and liabilities were as follows.

 

 

Book Value

Fair Value

Current assets, net

    

$ 420,000

$ 450,000

Property, plant and equpment, net

$ 1,600,000

$ 2,250,000

Liabilities

    

$ 500,000

$ 600,000

Our company would record goodwill of

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 11:08 PM My Price 5.00

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