Chapter02_CheckFigures

Chapter02_CheckFigures - (e) Goodwill = $350,000 (h) Gain...

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Fundamentals of Advanced Accounting Fourth Edition by Hoyle/Schaefer/Doupnik Key Figures in Selected Problems (Check figures for multiple choice questions not provided.) CHAPTER 2 P2-14: Goodwill = $690,000; Combination expenses = $42,000 P2-15: Gain on bargain purchase = $110,000 P2-16: Goodwill = $80,000, Revenues = $960,000, APIC = $265,000 P2-17: Goodwill = $50,000, Net income = $210,000 P2-18: Consolidated goodwill = $750,000; Consolidated total assets = $15,000,000 P2-19: Gain on bargain purchase = $115,000 Retained earnings = $505,000 Total assets = $2,183,000 P2-20: Goodwill = $55,000, Consolidated total assets = $1,990,000 P2-21: Case 1: Goodwill = $25,000 Case 2: Gain on bargain purchase = $10,000 P2-22: (a) Goodwill = $33,000 (b) Goodwill = $28,000 P2-23: (a) Fair value of consideration transferred = $1,530,000
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Unformatted text preview: (e) Goodwill = $350,000 (h) Gain on bargain purchase = $150,000 P2-24: (a) Fair value of consideration transferred = $750,000 Goodwill = $27,000 (a), (b) Total assets = $2,574,000 P2-25: (a) Contingent performance obligation = $62,500 (b) Total assets = $3,778,500 P2-26: (a) Purchase price = $1,100,000 (e) Goodwill = $70,000 (j) Land balance to be consolidated = $308,000 P2-27: (a) Goodwill = $100,000 (d) Buildings = $1,000,000 P2-29: (a) Inventory at fair value = $600,000 (d) Buildings at $960,000 (e) Land balance to be consolidated = $480,000 P2-30: (a) Investment in Harriss Co. = $390,000 on Merrills books Goodwill = $40,000 (b) Total consolidated assets = $1,654,000 P2-33: (a) Purchase total assets = $4,500,000 Pooling total assets = $1,950,000...
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This note was uploaded on 03/25/2012 for the course EAC 4401 taught by Professor Na during the Fall '11 term at FIT.

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Chapter02_CheckFigures - (e) Goodwill = $350,000 (h) Gain...

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