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Unformatted text preview: Customer relationships 500,000 IPR&D 300,000 Liabilities 1,180,000 (400,000) Goodwill $ 350,000 f. The expenses and the revenue of the subsidiary form of the prior period to the combination was omitted from the totals of the consolidated totals. The operational figures for the subsidiary was purchased after and were later applicable to the business combination. g. Common stock and Additional paid in capital accounts do not have an impact on the consolidated totals. h. Fair value of consideration transferred $1,030,000 Receivables $ 80,000 Patented technology 700,000 Customer relationships 500,000 IPR&D asset 300,000 Liabilities (400,000) Gain on bargain purchase 150,000 $ 1,180,000...
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- Spring '11