Chapter 20 Problem 20-23
1. Cash 1,000,000
Inventory 500,000
In-process R and D 5,000,000
Total assets 6,500,000
Total liabilities 3,000,000
Net assets 3,500,000
Acquisition cost 8,000,000
Net assets acquired at fair value (3,500,000)
Goodwill 4,500,000
The goodwill includes the fair value of the assembled workforce of P1,200,000.
The assembled workforce is not accounted for separately as an asset.
2. Cash 1,000,000
Inventory 500,000
In process R and D 5,000,000
Goodwill 4,500,000
Accounts payable 2,600,000
Notes payable 400,000
Cash 8,000,000
No comments:
Post a Comment