Solution 1 Cash paid less Net worth Total Assets Total Liabilities Income before Acquisitioion Good Will 5 000 000 3900000 1020000 2 880 000 72 000
Solution Cash paid less Net worth Total Assets Total Liabilities Income before
Solution Cash paid less Net worth Total Assets Total
less Net worth Total Assets Total Liabilities Income before Acquisitioion Good Will
Solution Cash paid less Net worth Total Assets
Total Liabilities Income before Acquisitioion Good Will
Solution Cash paid less Net worth
Solution Cash paid
(Solution) 1 Cash paid less Net worth Total Assets Total Liabilities Income before Acquisitioion Good Will $ 5,000,000 3900000 -1020000 $ $ $ 2,880,000 72,000...

Category: General
Words: 1050
Amount: $12
Writer:

Paper instructions

You helped me yesterday with the question related to the equity method and I got your answer but I am confused as to how you arrived at your totals for assets and liabilities. I just was hoping for you to be able to breakdown total assets and liabilities so I could see what made up these numbers. Basically I just need to see more of the numbers broken down. I have attached the spreadsheet you made and also the work I did which may help. Thank you1 Cash paid $ 5,000,000 less Net worth Total Assets 3900000 Total Liabili±es -1020000 $ 2,880,000 Income before Acquisi±oion $ 72,000 Good Will $ 2,048,000 2 Equity Income 20000*6*0.6 $ 72,000 3 ±tle of account Debit Credit Investment in S Company $ 5,000,000 Cash $ 5,000,000 Investment in S Company $ 72,000 Equity Income $ 72,000 Cash $ 120,000 Investment in S Company $ 120,000 4 Investmnet in S Company $ 5,000,000 add Equity Income $ 72,000 less dividend $ (120,000) Investmnet in S Company 12/31/07 $ 4,952,000

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