BUSINESS HIGH SCHOOL

Cullumber Company’s 12/31/21 balance sheet reports assets of $11450000 and liabilities of $4890000. All of Cullumber’s assets’ book values approximate their fair value, except for land, which has a fair value that is $690000 greater than its book value. On 12/31/21, Egbert Corporation paid $11642000 to acquire Cullumber. What amount of goodwill should Egbert record as a result of this purchase?

Answers

Answer 1
Answer:

Answer:

$4,392,000

Explanation:

For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:

The fair value of net asset = Asset balance + fair value of land  - liabilities balance

= $11,450,000 + $690,000 - $4,890,000

= $7,250,000

And, the acquire value is $11,642,000

So, the goodwill would be  

= $11,642,000 - $7,250,000

= $4,392,000

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Answers

Answer:

D) value-based

Explanation:

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Answers

Increase; does not change

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Answers

Answer:

A) the factor whose price has increased will decrease, but the demand for the other factors

Explanation:

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Answers

The amount you have is 2000 dollars. And the tax rate is 15%.
Solutions:
=> 2000 * .15 = 300
300 is the yearly tax bill that you are going to pay from your retirement
=> 2000 - 300 = 1700 is the remaining money left.

Answer:

300

Explanation:

I know

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Answers

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Answers

Answer:

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Explanation:

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