Business, 18.01.2021 14:00 Kaylenejohnson00

Pepper acquired a 25% stake in Salt on Jan 2, 2019 for $820,000. On Jan 1, 2019 Salt reported $2,000,000 in net assets on its balance sheet. Salt's net assets had historical book values that approximately equaled their fair values, except for a patent that had a fair value equal to $1,000,000 but a book value of $200,000. The patent has a 10-year remaining useful life at January 1, 2019. Required:
a. What is the identifiable portion of the 25% acquisition accounting premium (AAP) that is contained on Pepper's balance sheet related to its investment in Salt on Jan 2, 2019?
b. Pepper acquired a 25% stake in Salt on Jan 2, 2019 for $820,000. On Jan 1, 2019 Salt reported $2,000,000 in net assets on its balance sheet. Salt's net assets had historical book values that approximately equaled their fair values, except for a patent that had a fair value equal to $1,000,000 but a book value of $200,000. The patent has a 10-year remaining useful life at January 1, 2019. What is the unidentifiable portion of the 25% acquisition accounting premium (AAP) that is contained on Pepper's balance sheet related to its investment in Salt on Jan 2, 2019?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 19:10

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position

Answers: 3

Answer

Business, 22.06.2019 22:40

Utilization will always be lower than efficiency because: a. effective capacity is greater than design capacityb. expected output is less than actual output.c. effective capacity equals design capacity.d. effective capacity is less than design capacity.e. expected output is less than rated capacity.

Answers: 3

Answer

Business, 22.06.2019 23:50

Keisha took the vark inventory and discovered she prefers to learn mainly through visual and kinesthetic modes. which study strategy would best match these preferences?

Answers: 1

Answer

Business, 23.06.2019 00:30

Industrial engineers who specialize in ergonomics are concerned with designing workspace and devices operated by workers so as to achieve high productivity and comfort. a paper published in this research area reports on a study of preferred height for an experimental keyboard with large forearm-wrist support. a sample of 31 trained typists resulted in an average preferred height of 80.0 cm

Answers: 1

Answer

You know the right answer?

Pepper acquired a 25% stake in Salt on Jan 2, 2019 for $820,000. On Jan 1, 2019 Salt reported $2,000...

Questions