WebDec 10, 2009 · birk co purchased 30% of sled co's outstanding common stock on dec 31 for 200000.on tht date,sled's equity was 500000, and fair value of net assets was 600000.on dec 31 wht amt of goodwill should birk attribute to this acquisition? ... Birk's share in the Sled co. is 30% of the fair value of net assets of Sled co. i.e., 30% of $600,000 ... WebBirk Co. purchased 30% of the outstanding common stock of Sled. Birk Co. is presumed to have significant influence over Sled and must account for this investment using the equity method. Under the equity method, any excess paid over the fair value of the net assets is considered goodwill. The total purchase price paid by Birk was $200,000 and ...
Review Flashcards by Heather Turner Brainscape
WebBirk Co. purchased 30% of Sled Co.’s outstanding common stock on December 31, 20X0, for $200,000. On that date, Sled’s stockholders’ equity was $500,000, and the fair value of its identifiable net assets was $600,000. On December 31, 20X0, what amount of goodwill should Birk attribute to this acquisition? ... WebBirk Co. purchased 30% of Sled Co.'s outstanding common stock on December 31 for $200,000. On that date, Sled's stockholders' equity was $500,000, and the fair value of its identifiable net assets was $600,000. incentive\\u0027s 1a
FAR Final Review Expected Return On Plan Assets AssignGuru
http://cpanet.com/cpa_forum/forum_posts.asp?TID=39268 WebMar 31, 2024 · 30. document. Quiz #2 -.docx. Quiz #2 -.docx. 6. Late in the day the red haired Menelaus joined us overtook us at Lesbos debating. ... Birk Co purchased 30 of Sled Cos outstanding common stock on December 31 for. Birk Co purchased 30 of Sled Cos outstanding common stock on December 31 for. 39. WebOct 15, 2009 · Birk Co. purchased 30% of Sled Co.'s outstanding common stock on December 31 for $200,000. On that date, ... The 20,000 goodwill is the difference … incentive\\u0027s 1f