The acquisition-date acquisition accounting premium (AAP) is allocated $600,000 to equipment with a remaining useful life of 10 years, and $250,000 to a patent with a remaining useful life of 5 years. What is the acquisition accounting premium (AAP)?

Q: On January 1, 2021, Herwin Company acquired 40%of GIC Company by purchasing 8,000 shares for…

A: Solution Given % acquired by Herwin 40% Number of shares purchased 8000 Purchase…

Q: On January 1, 2021, April Company purchased 40% of the outstanding shares of another entity for…

A: Here April  company purchased 40% shares of another company which is…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: goodwill= Fair value of net assets -(Consideration paid/control acquired)

Q: On January 1, 2020, Mona, Inc., acquired 90 percent of Lisa Company’s common stock as well as 70…

A: Solution 1                Combined journal entries showing adjustment and elimination for the entry…

Q: On January 1, 2021, Ackerman Company acquires 80% of Seidel Company for $2,037,280 in cash…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: On January 1, 2019, Monica Company acquired 70 percent of Young Company’s outstanding common stock…

A: SOLUTION-   WORKING NOTES- COMPUTATION OF UNREALIZED GROSS PROFIT- 2019 = UNREALIZED GROSS PROFIT =…

Q: On January 1, 2020, McIlroy, Inc., acquired a 60 percent interest in the common stock of Stinson,…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Business combination means when one of the company merges with another company or two companies…

Q: On January 1, 2021, Ackerman Company acquires 80% of Seidel Company for $1,712,000 in cash…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Total fair value of assets of Vaxx Corporation = Cash + Accounts receivable + Inventory + Land +…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: In simpler words, a consolidated balance sheet is simply the consolidation of financial facts from…

Q: acquired 80 percent of the outstanding voting stock of Rockne Company for $592,000 consideration. At…

A: Part A) The value of noncontrolling interest's share of Rockne's 2018 income is determined as below:…

Q: On January 1, 2020, McIlroy, Inc., acquired a 60 percent interest in the common stock of Stinson,…

A: Acquisition-date fair value allocation and excess amortizations       a. Consideration transferred…

Q: On January 1, 2021, Cameron Inc. bought 20% of the outstanding common stock of Lake Construction…

A: 1.

Q: On January 1, 2021, Ackerman Company acquires 80% of Seidel Company for $1,712,000 in cash…

A: Consolidation When the financial performance and the position of a parent and a subsidiary company…

Q: On January 1, 2020, Pail Corporation acquired 80 percent of Sand Company's common stock for $540,000…

A: A consolidated balance sheet is a financial statement that shows the financial positions of a parent…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Total fair value of assets of Vaxx Corporation = Cash + Accounts receivable + Inventory + Land +…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Working note: Computation of amount of goodwill or gain from bargain purchase:

Q: On January 1, 2019, Monica Company acquired 80 percent of Young Company’s outstanding common stock…

A: Depreciation is a form of reduction in the value of Assets.It gives the fair price of we can say…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: The total liabilities of the consolidated balance sheet will be the summation of the book value of…

Q: On January 1, 2017, Doone Corporation acquired 60 percent of the outstanding voting stock of Rockne…

A: a.

Q: On January 1,2020, ABC Company acquired 80 percent of DEF Company's Common Stock for P400,000 cash.…

A: As per Bartleby policy, only the first three interlinked parts are answered. If you want any…

Q: On July 1, 2021, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for…

A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Fair Value = Cash + accounts receivable + inventory + land + buildings & equipment - accounts…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp's common stock for P160,000 cash. The…

A: Pfizer Corp acquired 80% share in Vax Corp.   So  now as per law Pfizer…

Q: On January 1, 2020, QuickPort Company acquired 90 percent of the outstanding voting stock of…

A: Equity Balance Method - It if type of accounting method used at the time of investors holds…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Here in this question, we are required to calculate goodwill that needs to record immediately after…

Q: On January 1, 2021, April Company purchased 40% of the outstanding shares of another entity for…

A: Shares- The ownership of a firm is divided into several minor sections. These components are…

Q: On January 1, 2021, Gooch Company acquires 80% of the outstanding common stock of House Inc., for a…

A: The question is based on the concept of Business Accounting.

Q: On January 1, 2021, Ackerman Company acquires 80% of Seidel Company for $1,712,000 in cash…

A: Acquisition: The acquisition refers to the business combination when one entity or organization…

Q: On January 1, 2019, Aspen Company acquired 80 percent of Birch Company's voting stock for $352,000.…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: On January 1, 2020, Mcllroy, Inc., acquired a 60 percent interest in the common stock of Stinson,…

A:

Q: On January 1, 2019, Monica Company acquired 70 percent of Young Company’s outstanding common stock…

A: Journal entries refer to the process of systematic documentation of the financial transactions of a…

Q: On July 19, 2021, SUNOB acquired 60% of the outstanding shares of YSAE. The business combination…

A: When the fair value of the non-controlling interest is not given then for the purpose of computing…

Q: On July 1, 2021, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for…

A: A) Consideration transferred by Truman 776,300 Non-controlling interest fair value…

Q: On January 1, 2019, Aspen Company acquired 80 percent of Birch Company's voting stock for $352,000.…

A: Accruals are revenues or expenditures incurred that influence a company's net income on the…

Q: On May 31, 2021, Armstrong LTD paid $3,500,000 to acquire all of the common stock of Hall…

A: Impairment loss refers to the loss in the value of asset when the recoverable amount of assets gets…

Q: On January 1, 2021, Brianne Company acquired 30% of the voting share capital of another entity for…

A: Introduction:- The term "investment" refers to a financial asset formed with the goal of allowing…

Q: On January 1, 2020, Mona, Inc., acquired 80 percent of Lisa Company’s common stock as well as 60…

A: In the case of group enterprises, the consolidated balance sheet is a crucial financial statement.…

Q: On January 3, 2019, Persoff Corporation acquired all of the outstanding voting stock of Sea Cliff,…

A: a)        Sea cliff acquisition date fair value  68,15,000     Less: Sea cliff book value…

Q: Reuniclus Company acquired 55% of the outstanding common stock of Vanillite Company on August 1,…

A: To identify net income attributable to non controlling interest, first we should identify post…

Q: On January 1, 2020, McIlroy, Inc., acquired a 60 percent interest in the common stock of Stinson,…

A: Consolidation is the process of combining and consolidating the books of two companies in which one…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Consolidated balance sheet is the balance sheet prepared by the company which has another subsidiary…

Q: On January 1, 2021, Ackerman Company acquires 80% of Seidel Company for $2,054,400 in cash…

A: Solution Owner's Equity  as the proportion of total value of a company's assets that can be claimed…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: It is pertinent to note that for calculation of goodwill fair value of net assets needs to be taken…

Q: On July 1, 2021, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: On January 1, 2020, PEARLS Corporation acquired the identifiable net assets of START UP Company. On…

A: When a company acquires assets and liabilities of another company, certain purchase consideration is…

Q: On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The…

A: Here in this question, we are required to calculate non controlling interest under full goodwill…

Q: On January 1, 2017, Doone Corporation acquired 60 percent of the outstanding voting stock of Rockne…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: cquired 70 percent of Young Company’s outstanding common stock for $644,000. The fair value of the…

A: Retained earnings refer to the remaining sum of money pr profit a company has after it has…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.