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Chapter02_CheckFigures

# Chapter02_CheckFigures - (e Goodwill = \$350,000(h Gain on...

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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 Merrill’s 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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Chapter02_CheckFigures - (e Goodwill = \$350,000(h Gain on...

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