Business, 13.03.2020 23:25 markyyy53

On January 2, Paye Co. acquired Shef Co. in a business combination that resulted in recognition of goodwill of $200,000 having an expected benefit period of 10 years. Shef is treated as a reporting unit, and the entire amount of the recognized goodwill is assigned to it. During the first quarter of the year, Shef spent an additional $80,000 on expenditures designed to maintain goodwill. Due to these expenditures, on December 31, Shef estimated that the benefit period of goodwill was 40 years. In its consolidated December 31 balance sheet, what amount should Paye report as goodwill?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 06:00

Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection

Answers: 1

Answer

Business, 22.06.2019 10:10

Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):

Answers: 1

Answer

Business, 22.06.2019 10:20

What two things do you consider when evaluating the time value of money

Answers: 1

Answer

Business, 22.06.2019 15:00

Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?

Answers: 1

Answer

You know the right answer?

On January 2, Paye Co. acquired Shef Co. in a business combination that resulted in recognition of g...

Questions