Chapter02_CheckFigures(2)

Chapter02_CheckFigures(2) - Goodwill = $27,000 (a), (b)...

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Advanced Accounting Ninth Edition by Hoyle/Schaefer/Doupnik Key Figures in Selected Problems (Check figures for multiple choice questions not provided.) CHAPTER 2 P2-12: Goodwill = $80,000, Revenues = $960,000, APIC = $265,000 P2-13: Goodwill = $50,000, Net Income = $210,000 P2-14: Gain on Bargain Purchase = $115,000 Retained earnings =$505,000 Total assets = $2,183,000 P2-15: Goodwill = $55,000, Consolidated total assets = $1,990,000 P2-16: Case 1: Goodwill = $25,000 Case 2: Gain on Bargain Purchase = $10,000 P2-17: (a) Goodwill = $33,000 (b) Goodwill = $28,000 P2-18: (a) Fair value of consideration transferred = $1,530,000 (e) Goodwill = $350,000 (h) Gain on Bargain Purchase = $150,000 P2-19: (a) Fair value of consideration transferred = $750,000
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Unformatted text preview: Goodwill = $27,000 (a), (b) Total assets = $2,574,000 P2-20: (a) Contingent Performance Obligation = $62,500 (b) Total assets = $3,778,500 P2-21: (a) Purchase price = $1,100,000 (e) Goodwill = $70,000 (j) Land balance to be consolidated = $308,000 P2-22: (a) Goodwill = $100,000 (d) Buildings = $1,000,000 P2-23: (a) Goodwill = $240,000 P2-24: (a) Goodwill = $0 (e) Land balance to be consolidated = $480,000 P2-25 (a) Investment in Harriss Co. = $390,000 on Merrills books Goodwill = $40,000 (b) Total consolidated assets = $1,654,000 P2-28 (a) Purchase total assets = $4,500,000 Pooling total assets = $1,950,000...
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This note was uploaded on 06/23/2010 for the course ACC 351 taught by Professor Johnson during the Spring '10 term at Acadia.

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