Home / Questions / Austin Corp. purchased 25% of the voting common stock of Gainesville Co.
Austin Corp. purchased 25% of the voting common stock of Gainesville Co., paying $2,500,000. Austin decided to use the equity method to account for this investment. At the time of the investment, Gainesville's total stockholders' equity was $8,000,000. Austin gathered the following information about Gainesville's assets and liabilities.
Book Value Fair Value
Buildings (10 year life) 400,000 500,000
Equipment ( 5 year life) 1,000,000 1,300,000
Franchises (8 year life) 0 400,000
Calculate the goodwill?
Jun 06 2018 View more View Less
Solve Problem 8.7 for a different excitation: a blast force varying linearly over height from zero at the base to p(t) at the top, where p(t) is given in Fig. P8.9.Proble...
Jun 10 2020In the current tax year, suppose that 5% of the millions of individual tax returns are fraudulent. That is, they contain errors that were purposely made to cheat the gove...
May 08 2020Assume that bologna is an inferior good. Suppose consumer incomes are declining due to the recession, and, at the same time, firms are seeing an increase in the productio...
May 04 2020AFIN 102 | Finance 1B | Individual Assignment Instructions Session 2, 2019 Due date and time: 11:59pm Sunday 20th October, 2019 (Week 10) Word Limit 1800 words Case S...
Nov 23 2019Determine the conduction heat transfer through an air layer held between two 10 mm × 10 mm parallel aluminum plates. The plates are at temperatures Ts,1 = 305 K and Ts,2 ...
Jun 28 2020Which of the following representation requires the least number of bits to store the number +255? (a) BCD ...
Jan 08 2018i wish to carry out a research on communication and social interaction.an a master's student and will use this topic for my dessertation
Feb 01 2020Between 1990 and 2004, the government started granting crime victims’ rights for the cases against the accused. These rights progressively become more and more to make th...
Feb 01 2020Find the derivative of the function f(x)=(2x^2)+3x-5 at x=-1.Also prove that f'(0)+3f'(-1)=0
Apr 16 2020Which of the following molecules is not linear? A. H2O B. CO2 C. HCºCH D. Cl222. What is the approximate value of the H-C-H bond angles in methane, CH4 A. 90? B. 1...
Dec 10 2019