Triciamorrison
15.04.2020 •
Business
The balance sheet of Cattleman's Steakhouse shows assets of $86,700 and liabilities of $14,500. The fair value of the assets is $90,500 and the fair value of its liabilities is $14,500. Longhorn paid Cattleman's $82,820 to acquire all of its assets and liabilities. Longhorn should record goodwill on this purchase of:
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Ответ:
The missing multiple choices are:
$12,020
$2,980
$10,400
$6820
The correct option is $6,820
Explanation:
Goodwill is computed as the difference between the acquisition proceeds and fair value of net assets acquired.
Fair value of net assets=Fair value of asset- fair value of liabilities.
Fair value of assets is $90,500
fair value of liabilities is $14,500
fair value of net assets=$90,500-$14,500
=$76,000
Purchase consideration is $82,820
Goodwill =$$82,820-$76,000
Goodwil=$6820
This is the excess of purchase consideration paid over the net assets taken over as a result of the business acquisition
Ответ:
the answer is c
Explanation:
this is a weird question