subject
Business, 24.02.2020 20:58 ashtonbillups

Brightcove, Inc. acquires all of the stock of Ciber, Inc. for $80 million in cash and accounts for the acquisition as a stock acquisition. Balance sheet information at the date of acquisition is as follows (in thousands): Brightcove, Inc. Ciber, Inc. Book Value Dr (Cr) Book Value Dr (Cr) Fair Value Dr (Cr) Current assets $40,000 $400 $250 Plant and equipment, net 200,000 12,000 5,000 Licenses and trademarks - 5,000 8,000 Investment in Ciber 80,000 - Current liabilities (80,000) (800) (800) Long-term liabilities (150,000) (10,000) (9,500) Capital stock (35,000) (8,000) Retained earnings (55,000) 1,400 Total $0 $0 Brightcove hires a consultant to identify and value any previously unreported intangible assets attributable to Ciber at the date of acquisition. The consultant identifies the following intangibles: Fair Value (in thousands) Customer contracts $2,000 Assembled workforce 25,000 Brand names 3,000 Leases at rents below current market 500 Developed technology 200 In-process research and development 1,000 Future cost savings from elimination of duplicate assets 400 Additional expected revenues from bundling products 800 a. Prepare a schedule of the excess of acquisition cost over Ciber’s book value and its allocation to Ciber’s identifiable net assets and goodwill. When appropriate, use negative signs with your excess of fair value over book value answers (left column only). Do not use negative signs in the right column. Enter answers in thousands.

ansver
Answers: 1

Another question on Business

question
Business, 20.06.2019 18:04
As the beneficiary of a life insurance policy, you have two options for receiving the insurance proceeds. you can receive a lump sum of $200,000 today or receive payments of $1,400 a month for 20 years. if you can earn 6 percent on your money, which option should you take and why
Answers: 1
question
Business, 22.06.2019 19:00
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
question
Business, 22.06.2019 20:20
Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.
Answers: 2
question
Business, 22.06.2019 21:20
Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)
Answers: 2
You know the right answer?
Brightcove, Inc. acquires all of the stock of Ciber, Inc. for $80 million in cash and accounts for t...
Questions
question
Social Studies, 04.03.2020 03:29