On January 1, 2012, Innovus, Inc., acquired 100 percent of the common stock of ChipTech Company for $670,000 in cash and other fair-value consideration. ChipTech's fair value was allocated among its net assets as follows: 11eb7050_6422_0dfb_9ae9_096e2fcefea2_SM1695_00 The December 31, 2013, trial balances for the parent and subsidiary follow: 11eb7050_6422_0dfc_9ae9_272940a6df4c_SM1695_00 Required a. Using Excel, compute consolidated balances for Innovus and ChipTech. Either use a worksheet approach or compute the balances directly. b. Prepare a second spreadsheet that shows a 2013 impairment loss for the entire amount of goodwill from the ChipTech acquisition.

Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

النسخة 5الرقم المعياري الدولي: 978-1260575910

Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

النسخة 5الرقم المعياري الدولي: 978-1260575910

تمرين 44

On January 1, 2012, Innovus, Inc., acquired 100 percent of the common stock of ChipTech Company for $670,000 in cash and other fair-value consideration. ChipTech's fair value was allocated among its net assets as follows:

The December 31, 2013, trial balances for the parent and subsidiary follow:

Required
a. Using Excel, compute consolidated balances for Innovus and ChipTech. Either use a worksheet approach or compute the balances directly.
b. Prepare a second spreadsheet that shows a 2013 impairment loss for the entire amount of goodwill from the ChipTech acquisition.

التوضيح

موثّق

Alternatively, the goodwill ...