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  • Goodwill Account On The Date of Acquisition

    Diunggah oleh

    Eli Koech
    8 tayangan4 halaman
    The document discusses goodwill arising from the acquisition of a subsidiary. It provides details on the allocation of the excess consideration paid over the book value acquired, including amounts allocated to buildings with a 10-year life, equipment with a 5-year life, and goodwill with an indefinite life. It then shows the consolidated financial statements of the parent company and subsidiary, including consolidated income statement, statement of retained earnings, balance sheet, and consolidating entries.

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    The document discusses goodwill arising from the acquisition of a subsidiary. It provides details on the allocation of the excess consideration paid over the book value acquired, including amounts allocated to buildings with a 10-year life, equipment with a 5-year life, and goodwill with an indefinite life. It then shows the consolidated financial statements of the parent company and subsidiary, including consolidated income statement, statement of retained earnings, balance sheet, and consolidating entries.

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    © All Rights Reserved
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    8 tayangan4 halaman

    Goodwill Account On The Date of Acquisition

    Diunggah oleh

    Eli Koech
    The document discusses goodwill arising from the acquisition of a subsidiary. It provides details on the allocation of the excess consideration paid over the book value acquired, including amounts allocated to buildings with a 10-year life, equipment with a 5-year life, and goodwill with an indefinite life. It then shows the consolidated financial statements of the parent company and subsidiary, including consolidated income statement, statement of retained earnings, balance sheet, and consolidating entries.

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    © All Rights Reserved
    Unduh sebagai XLSX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 4

    Goodwill account on the date of acquisition

    consideration given
    Block value acquired
    Excess consideration given overbok value
    allocations
    building ending (10-year life)
    building ending (10-year life)
    Excess cost not identified-Goodwill

    Annual amorization of expense on the allocation from the original adjustment to fair value
    Amount
    buildings
    equipment
    goodwill

    allocation
    60,000
    25,000
    15,000
    100,000

    consolidated worksheet as december 2014


    Account
    income statement
    sales
    expenses
    income from subsidiary
    net income
    statement of retained earning
    retained eraning 1/1/2014
    above
    dividends paid
    retained earning 12/31/2012
    balance sheet
    current assets
    investment in subsidiary
    buildings(net)
    equipment(net)
    goodwill
    Total assets
    liabilities
    common stock

    Rand co.
    372,000
    264,000
    25,000
    133,000

    765,000
    133,000
    84,000
    814,000
    150,000
    242,000
    525,000
    389,250
    1,306,250
    82,250
    360,000

    additional paid in capital


    retained earning 12/31/2014
    total liabilities and stakeholder's equity

    50,000
    814,000
    1,360,250

    240,000
    140,000
    100,000
    60,000
    25,000
    15,000

    inal adjustment to fair value


    sueful life
    10 years
    5 years
    indefinite

    annual excess
    6000
    5000
    0
    11000

    consolidated entries
    debit
    credit

    Spaulding inc.
    108,000
    72000

    consolidated
    balances
    480,000
    347,000

    11,000
    25,000

    36,000

    133,000

    102,000
    36,000
    24,000
    114,000

    765,000
    133,000
    84,000
    814,000

    24,000

    22,000
    24,000
    85,000
    129,000

    42,000
    10,000
    15,000

    25,000
    174,000
    67,000
    6,000
    5,000

    236000
    50000
    72,000

    25,000
    72,000

    147,000

    614,000
    555,250
    15,000
    1,331,250
    107,250
    360,000

    114,000
    236,000

    326,000

    50,000
    814,000
    1,331,250

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