Lake incorporated purchased all of the outstanding stock of huron company paying $950,000 cash. lake assumed all of the liabilities of huron. book values and fair values of acquired assets and liabilities were: book value fair valuecurrent assets (net) $130,000 $125,000property, plant, equip. (net) 600,000 750,000liabilities 150,000 175,000lake would record goodwill of: a. $ 0.b. $ 75,000.c. $445,000.d. $250,000.
Solved
Show answers
More tips
- F Food and Cooking 10 Tips for Proper Sushi Consumption...
- H Health and Medicine Want to Lose Weight? Gain Muscle without Damaging Your Health!...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
Answers on questions: Business
- B Business Liberty is calculating her cost of goods sold to enter on her Schedule C. Her inventory at the beginning of the year amounted to $50,000. Her cost for labor and materials...
- B Business Which of the following financial institutions is a not-for-profit organization? Commercial Bank Commercial Bank Credit Union Credit Union Savings and Loan Savings...
- B Business Your grandmother has promised to give you $5,000 when you graduate from college. She is expecting you to graduate two years from now. The interest rate is always positive....
- B Business When leaving a job, desirable knowledge employees are most likely to find new employment on Internet career sites and go alone to work for complete strangers. A. True...
- B Business Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly...
- B Business Media companies earn money by selling which of the following?...
- B Business Given that they often competen t powerful companies, it is imperative that entrepreneurs:...
- B Business Tyler apiaries sells bees and beekeeping supplies. bees (including a queen) are shipped in special packages according to weight. suppose tyler changes its processes...
- B Business Note: i need a detailed answer which should be atleast 15 lines. do the needful. chapter 7 - project management ( book - project management by harold kerzner ) determine...
- B Business Klumper corporation is a diversified manufacturer of industrial goods. the company’s activity-based costing system contains the following six activity cost pools and...
Ответ:
d. $250,000.
Explanation:
In order to calculate the expense of the goodwill, we must first calculate the net asset's fair value shown below:
The fair value of net asset = The fair market value of total assets - the fair market value of liabilities
= $125,000 + $750,000 - $175,000
= $700,000
And, the purchase value of all outstanding stocks is $950,000
So, the goodwill would be
= $950,000 - $700,000
= $250,000
Ответ:
Explanation: The Fed or the Federal reserve is a central banking authority in any nation. It is responsible for maintaining the money supply in the economy. Some of the functions performed by the central bank are,
a. Setting interest rates and acting as a lender to banks
b. Print currency notes and coins
c. Setting the repo and the reverse repo rates
d. Clearing inter bank payments.
Therefore, the correct option is Setting interest rates and acting as a lender to banks.