Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 46

In which of the following situations would Daniel Industries include goodwill in its balance sheet
a.he fair market value of Daniel's net identifiable assets amounts to $2,000,000.ormal earnings for this industry are 15 percent of net identifiable assets.et income for the past five years has averaged $390,000.
b.aniel Industries acquired Baxter Electronics at a price in excess of the fair market value of Baxter's net identifiable assets.
c.aniel Industries spent $800,000 during the current year for research and development for a new product that promises to generate substantial revenue for at least 10 years.
d. buyer wishing to purchase Daniel's entire operation has offered a price in excess of the fair market value of the company's net identifiable assets.