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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
النسخة 3الرقم المعياري الدولي: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
النسخة 3الرقم المعياري الدولي: 978-0132962339 تمرين 9
Accounting for goodwill
When one media company buys another, goodwill is often the most costly asset. TMC Advertising paid $170,000 to acquire Seacoast Report , a weekly advertising paper. At the time of the acquisition, Seacoast Report's balance sheet reported total assets of $130,000 and liabilities of $70,000. The fair market value of Seacoast Report's assets was $100,000.
Requirements
1. How much goodwill did TMC Advertising purchase as part of the acquisition of Seacoast Report
2. Journalize TMC Advertising's acquisition of Seacoast Report.
When one media company buys another, goodwill is often the most costly asset. TMC Advertising paid $170,000 to acquire Seacoast Report , a weekly advertising paper. At the time of the acquisition, Seacoast Report's balance sheet reported total assets of $130,000 and liabilities of $70,000. The fair market value of Seacoast Report's assets was $100,000.
Requirements
1. How much goodwill did TMC Advertising purchase as part of the acquisition of Seacoast Report
2. Journalize TMC Advertising's acquisition of Seacoast Report.
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موثّق
موثّق
Journalizing is the chronological accoun...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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