Skip to main content

Francisco inc. acquired 100 percent of the voting shares of beltran company on january 1, 2017. in exchange, francisco paid $788,250

Francisco inc. acquired 100 percent of the voting shares of beltran company on january 1, 2017. in exchange, francisco paid $788,250 in cash and issued 125,000 shares of its own $1 par value common stock. on this date, francisco’s stock had a fair value of $12 per share. the combination is a statutory merger with beltran subsequently dissolved as a legal corporation. beltran’s assets and liabilities are assigned to a new reporting unit. the following reports the fair values for the beltran reporting unit for january 1, 2017, and december 31, 2018, along with their respective book values on december 31, 2018.beltran reporting unit fair values1/1/17 fair values12/31/18 book values12/31/18cash $ 125,500 $ 79,500 $ 79,500 receivables 308,750 348,000 348,000 inventory 264,250 310,000 302,900 patents 623,500 740,000 593,500 customer relationships 674,750 636,000 595,750 equipment (net) 394,500 290,000 282,550 goodwill ? ? 580,000 accounts payable (172,500 ) (260,000 ) (260,000 )long-term liabilities (510,500 ) (412,000 ) (412,000 )a. prepare fransicso's journal entry to record the assets acquired and the liabilities assumed in the beltran merger o 1/1/17.cash receivables inventory patents customer relationships equipment goodwill accounts payable long term liabilities cash common stock apic b. on december 31, 2018, francisco opts to forgo any goodwill impairment qualitative assessment and estimates that the total fair value of the entire beltran reporting unit is $1,851,500. what amount of goodwill impairment, if any, should francisco recognize on its 2018 income statement? goodwill impairment loss

10 Answers

J
Jace Toy DDS

Feb 20, 2025

186.556 celcius6.63 kgit should be 21.6yes, estimate. it did not ask for the exact, so you can just give a estimate Barry buys a DVD for $19.95 and a flash drive for 14.95. He gives the cashier $40. The cashier wants to know how much change to give Barry.you do not want to be ripped off, neither does the customerhope this helps... Show More
J
Jace Toy DDS

Feb 20, 2025

The mean difference is between 799586.3 and 803257.9.Step-by-step explanation: To estimate the mean difference for confidence interval:Find the statistic sample:d = value of 6th - value of 13th;Sample mean of difference: mean = ∑d / nSample standard deviation: s = ∑(d - mean)² / n - 1;For the traffic count, mean = 1835.8 and s = 1382607.3The confidence interval is 90%, so:α = α = 0.05The degrees of dreedom are:df = n - 1df = 10 - 1df = 9Using a t-ditribution table, the t-score for α = 0.05 and df = 9 is: t = 1.833.Error will be: E = E = 1.833.()E = 801422.1The interval is: mean - E < μ < E + mean1835.8 - 801422.1 < μ < 1835.8+801422.1-799586.3 < μ < 803257.9The estimate mean difference in trafic count between 6th and 13th using 90% level of confidence is between 799586.3 and 803257.9.... Show More
J
Jace Toy DDS

Feb 20, 2025

a. $25,650b. Journal entries Explanation: The computation is shown below:a. The balance of the Allowance for Doubtful Accounts is =  Total account receivable × estimated percentage= $570,000 × 4.5%= $25,650b. The adjusting entry is as followsBad Debt Expense  $13,650       ($25,650 - $12,000)          To Allowance for Doubtful Accounts $13,650(Being the bad debt expense is recorded)c. The adjusting entry is as followsBad Debt Expense  $26,650       ($25,650 + $1,000)          To Allowance for Doubtful Accounts $26,650(Being the bad debt expense is recorded)... Show More
J
Jace Toy DDS

Feb 20, 2025

B. $8,980Step-by-step explanation: You want to put it in a regression calculator and add up all the points. (0,5000) , (2,5510) , (5,6390) , (8,7390) , (10,8150). After putting all this in the calculator you should get a formula looking like y = 4999.785(1.05)^x, once you get this add the 12 to the x value and you have your full equation set up as 4999.785(1.05)^12. After adding this all up you get 8978.895521, just round it up and then your all done.... Show More
J
Jace Toy DDS

Feb 20, 2025

Estimated variable cost per unit is $2.20Explanation:high low method separates the fixed cost and variable cost using net of Highest activity level and Lowest activity level and net of their relevant costs.According to High low method Variable cost per unit = ( Highest activity cost - Lowest activity cost ) / ( Highest Activity - Lowest activity )Variable cost per unit  = ( $39,390 - $26,410 ) / ( 15,900 - 10,000 )Variable cost per unit  = $12,980 / 5,900Variable cost per unit  = $2.2... Show More
J
Jace Toy DDS

Feb 20, 2025

Hello!There's more than one way in which to check this answer thru estimation. I'd find 6*60 and 6*70 separately, obtaining 360 and 420. It's obvious that Kendra's "390" is between 360 and 420, so it's likely that she's right.6*65 does indeed equal 390.... Show More
J
Jace Toy DDS

Feb 20, 2025

In order to estimate the product of 6x65 in my head without writing anything down on paper or running home for my calculator, I close my eyes and I see something like this floating in space in front of me:[6 · cos(2π)] · e⁰ · [60 · (1Hz/1cps)] = 360 but 65 is a little more than 60 so the product is probably a little more than 360 so 390 could be pretty close.... Show More
J
Jace Toy DDS

Feb 20, 2025

The answer is 186.546 degrees Celsius. Step-by-step explanation:A scientist records a temperature of 234. 556 Celsius in an experiment. The temperature falls 48.01 Celsius. What was the temperature after it fell.I subtracted 234.556 - 48.01, to get 186.546.Hope this helps.... Show More

Want to answer this question?

Join our community to share your knowledge!

Categories

Tags

Related Questions

3
Frankie’s Chocolate Co. reports the following information from its sales budget:

Frankie's Chocolate Co. reports the following information from its sales budget:

8
Freddy is buying wings and nachos for a party. a box of 10 wings cost 7.00. nachos cost 4.00 per tray. he must spend less than 40.00

Freddy is buying wings and nachos for a party. a box of 10 wings cost 7.00. nachos cost 4.00 per tray. he must spend les...

10
Free carfax report? password?

I found blogs that gave out a free password to carfax, someone paid for unlimited and decided to let others check their...

6
Free “People Search”?

Is there any people search (that includes addresses and phone numbers) out there that you don’t have to pay for or sign-...

4
Free phagocytes found in the air sacs of the lungs are called

the offspring would all be white. if the parents are both white flowers then they have the genotype rr, which when cross...

1
Free radical chlorination of 2-methylbutane,four monosubstitution products A,B,C and D?

with formula C5H11Cl were isolated. What are the four structures?

6
Free standing punching bag noise problem?

i bought a free standing punching bag ,filled it with water and it all seemed okay till i started punching , i can feel...

7
Free wii points?????

Is there any free way to get free Wii points? I want to buy songs on GH but my mom wont let me get Wii points. Any free...