Use the following information to answer bellow Questions :
Peregrine Company acquires all of the voting stock of Falcon Corporation for $65,000, in a merger. Falcon's balance sheet reports the following asset and liability balances: $$\begin{array} { l r }
\text { Current assets } & \$ 15,000,000 \
\text { Plant \& equipment } & 60,000,000 \
\text { Current liabilities } & 10,000,000 \
\text { Long-term debt } & 40,000,000
\end{array}$$
-Assume the book values of Falcon's assets and liabilities equal their fair values. How much goodwill does Peregrine report at the date of acquisition?

Question

Use the following information to answer bellow Questions :
Peregrine Company acquires all of the voting stock of Falcon Corporation for $65,000, in a merger. Falcon's balance sheet reports the following asset and liability balances: $$\begin{array} { l r } 
\text { Current assets } & \$ 15,000,000 \
\text { Plant \& equipment } & 60,000,000 \
\text { Current liabilities } & 10,000,000 \
\text { Long-term debt } & 40,000,000
\end{array}$$
-Assume the book values of Falcon's assets and liabilities equal their fair values. How much goodwill does Peregrine report at the date of acquisition?

Quizplus · Accepted Answer

The Answer of Use the following information to answer bellow Questions :
Peregrine Company acquires all of the voting stock of Falcon Corporation for $65,000, in a merger. Falcon's balance sheet reports the following asset and liability balances: $$\begin{array} { l r } 
\text { Current assets } & \$ 15,000,000 \
\text { Plant \& equipment } & 60,000,000 \
\text { Current liabilities } & 10,000,000 \
\text { Long-term debt } & 40,000,000
\end{array}$$
-Assume the book values of Falcon's assets and liabilities equal their fair values. How much goodwill does Peregrine report at the date of acquisition?

Use the Following Information to Answer Bellow Questions : Peregrine

Use the Following Information to Answer Bellow Questions :
Peregrine