Module8P12-5 - $0 Carry Amount of Goodwill $900,000 Implied...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 12-5 a) Total Assets Total Liabilities and Equity $3,500,000 $3,500,000 Fair Value at PurchaseNet Assets 12/31/10 $2,750,000 $1,650,000 NonCurrent Assets Fair Value of Conchita Div. $2,700,000 $1,850,000 FV of CD + PPE $2,000,000 FV of Div - FV @ Purch -$900,000 b) 2750000-900000 $1,850,000 Impairment Fair Value of Conchita $1,850,000 NIA $1,850,000 Implied Value of Goodwill
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $0 Carry Amount of Goodwill $900,000 Implied Value $0 Loss on Impairment $900,000 c) Impairment Fair Value of Conchita $1,600,000 NIA $1,850,000 Implied Value-$250,000 Carrying Amount of Goodw-$1,150,000 Implied Value-$250,000 Loss on Impairment-$900,000 d) Loss on Impairment $900,000 Goodwill $900,000...
View Full Document

This note was uploaded on 04/06/2011 for the course ACC 300 taught by Professor Barga during the Spring '11 term at St. Leo.

Ask a homework question - tutors are online