The non controlling intrest shares of float corp. are not, Ask an Expert

Accounting

Perch co. acquired 80% of the common stock of Float Corp. for 1600,000. The fair value of Float's net assets was 1,850000 and the book value was 1500000. The non controlling intrest shares of Float Corp. are not actively traded. What is the total amount on goodwill recognized at the date of acquisition?

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9437806

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - buddy industries inc bii developed the following

Question - Buddy Industries, Inc., (BII) developed the following standard costs for direct material and direct labor for one of their major products, the 10-gallon plastic container. Standard quantity Standard price Di ...

Question - blue co reported 150000 of net income for 2017

Question - Blue Co. reported $150,000 of net income for 2017. The accountant, in preparing the statement of cash flows, noted the following items occurring during 2017 that might affect cash flows from operating activiti ...

Question - assume that on january 1 2017 elmers restaurants

Question - Assume that on January 1, 2017, Elmer's Restaurants sells a computer system to Liquidity Finance Co. for $680,000 and immediately leases the computer system back. The relevant information is as follows. 1. The ...

Question - 1 paid 20000 cash to purchase equipment costing

Question - 1. Paid $20,000 cash to purchase equipment costing $80,000. The remaining amount was recognized as a one year note payable with interest rate of 9%. 2. A major dental machine in our office is broken beyond rep ...

Question - dole industries had the following inventory

QUESTION - Dole Industries had the following inventory transactions occur during 2017: Units Cost Unit Feb. 1, 2017 Purchase 90 $90 Mar. 14, 2017 Purchase 155 $94 May 1, 2017 Purchase 110 $98 The company sold 255 uni ...

Question - cullumber company purchased machinery for 176400

Question - Cullumber Company purchased machinery for $176,400 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage value of $14,700, production of 88,600 units, and working ...

Question -describe the basic characteristics of the cash

Question - Describe the basic characteristics of the cash basis and the accrual basis of accounting. Identify the reasons why adjusting entries must be made. Explain the purpose of deferral adjustments and accrual adjust ...

Question - alpha technology produces two products a high

Question - Alpha Technology produces two products: a high end laptop under the label Excellent Laptops and an inexpensive desktop under the label Outstanding Computers. The two products use two overhead activities, with ...

Have you ever been involved in the budget process at your

Have you ever been involved in the budget process at your organization? If so, describe your role and responsibilities. Do you think people at your level in the organization should provide budget inputs, and why or why n ...

Question - abc manufacturing provides the standard cost of

Question - ABC Manufacturing provides the standard cost of making a single product for June: Factory Overhead Fixed 4 hours @ $1.25 per hour $5.00 Variable 4 hours @ $6.25 per hour $25.00 The factory overhead rate was ba ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert