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

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

النسخة 5الرقم المعياري الدولي: 978-1260575910
book Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik cover

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

النسخة 5الرقم المعياري الدولي: 978-1260575910
تمرين 27
On January 1, Morgan Company has a net book value of $1,460,000 as follows:
On January 1, Morgan Company has a net book value of $1,460,000 as follows:   Leinen Company acquires all outstanding preferred shares for $106,000 and 60 percent pf the common stock for $870,000. The acquisition-date fair value of the noncontrolling interest in Morgan's common stock was $580,000. Leinen believed that one of Morgan's buildings, with a 12-year life, was undervalued by $50,000 on the company's financial records. What amount of consolidated goodwill would be recognized from this acquisition A)$40,000. B)$41,200 C)$42,400. D)$46,000.
Leinen Company acquires all outstanding preferred shares for $106,000 and 60 percent pf the common stock for $870,000. The acquisition-date fair value of the noncontrolling interest in Morgan's common stock was $580,000. Leinen believed that one of Morgan's buildings, with a 12-year life, was undervalued by $50,000 on the company's financial records.
What amount of consolidated goodwill would be recognized from this acquisition
A)$40,000.
B)$41,200
C)$42,400.
D)$46,000.
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Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik
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