Based on this schedule above, please calculate the Goodwill created in this deal. Assume a 25% tax rate. A B C D $1,020. $1,005. $980. $1,125.
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- True or False Statemetn 1: If an item of PPE is acquired under a deferred settlement plan, it shall be measured initially at cash selling price. Statement 2: An item of PPE shall be measured at a price net of trade discount whether it is acquired on cash basis or on account basis INCLUDE REFRENCE FOR THE ANSWER26- Under capitalization method, goodwill is calculated by: a. Average profits X Normal Rate of Return/100 b. Super profits X Number of years of purchase c. Super profits X 100/Normal Rate of Return d. Average profits X Number of years of purchaseThe price that would be received to sell an asset or paid to transfer a liability in an orderly sale between market participants at the measurement date is termed ________. Select one alternative: fair value book value intangible value tangible value
- 24. Hire purchase agreement refers to A. an agreement between the lessee and the lessor for using a particular asset over a period of time against the periodic payments B. an agreement whereby a person hires goods for a period of time by paying installments and can own the goods at the end of the agreement if all installments are paid C. arrangement whereby one party sells goods to a second party with the promise to repurchase the goods at a future point in time D. an agreement whereby one party hires a particular asset for a set time period at a fixed monthly costWhich of the following represent potential gains from an acquisition? I. Increased use of debt II. Lower costs per unit produced III. Diseconomies of scale Select one: a. II and III only b. I and III only c. I and II only d. I, II, and III60. In pacto de retro sale or sale with a right to repurchase of an immovable property, what is the default period of redemption by the pacto de retro seller if the redemption period is not stated in the contract of pacto de retro sale? Group of answer choices a. 30 days b. 4 years c. 10 years d. 5 years
- 1. A company is deciding whether to exchange an old asset for a new asset. Within the context of the exchange decision, and ignoring income tax considerations, the undepreciated book value of the old asset would be considered a(an) Sunk cost Irelevant cost No No Yes No No Yes d. Yes Yes 2. Expected future costs that will differ among alternatives a. Opportunity cost. b. Relevant costs. c. Sunk cost. d. Out-of-pocket costs.t34 Initial direct costs incurred by the lessor in an operating lease should beA. expensed in the year of incurrence by including them in the cost of goods sold or by treating them as a sellingexpense.B. deferred and recognized as reduction in the interest rate implicit in the lease.C. capitalized as part of asset cost and depreciated over the lease term.D. deferred and carried on the statement of financial position until the end of the lease term.23 S1: Two methods of allocating joint costs to main products are physical measure allocation and market-based allocation.S2: If an intercompany sale of a depreciable asset occurs on the last day of the year and results in a gain to the seller, the asset must be shown on the consolidated balance sheet at its original book value. Group of answer choices False; False False; True True; False True; True
- Assuming the contract entered into at the price you computed is $365.42 and the underlying asset is $395.68 at expiration. The market value and the overall position of the forward contract on the perspective of the investor would be: a. -$30.26 b. -$38.05 c. $30.26 d. $38.05Rece vable Question 2 of 18 For trade receivables, the fair value is deemed equal to the Select the correct response: O the amount due from the buyer without adjustment for any trade discounts allowed the price in a binding sale agreement exchange price between a seller and a buyer after taking into account the amount of any trade discounts and volume rebates allowed by the entity. the quoted price of the receivable in an active market < Previous25. Under capitalization method, goodwill is calculated by: a. Super profits X 100/Normal Rate of Return b. Average profits X Normal Rate of Return/100 c. Average profits X Number of years of purchase d. Super profits X Number of years of purchase