Assume That Ayisiyiniwiwinak Corp Paid 30 Million To Purchase 10 Trees Inc Below Is A Summary Of The Balance Sheet Of 1 (78.74 KiB) Viewed 40 times
Assume That Ayisiyiniwiwinak Corp Paid 30 Million To Purchase 10 Trees Inc Below Is A Summary Of The Balance Sheet Of 2 (35.73 KiB) Viewed 40 times
Assume that ayisiyiniwiwinak Corp. paid $30 million to purchase 10-Trees Inc. Below is a summary of the balance sheet of 10-Trees Inc. at the time of the ayisiyiniwiwinak Corp. acquisition (amounts are given in million $). The fair value of 10-Tree Inc.'s non-current assets was higher than the book value and amounted to $37 at that time. 10 33 43 Assets Current assets Non-current assets Total assets Liabilities Current liabilities Non-current liabilities Total liabilities Shareholders' equity. Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 8 12 NO 20 ANI ಪ ಜG 7 16 23 43 Blank #1: What is the goodwill resulting from this transaction? Enter your response as a plain number (no $-signs or decimals). Blank #2: Assume that after a year, ayisiyiniwiwinak Corp. recognized a goodwill impairment loss of $1 million. On which financial statement is the impairment loss
Blank #1: What is the goodwill resulting from this transaction? Enter your response as a plain number (no $-signs or decimals). Blank #2: Assume that after a year, ayisiyiniwiwinak Corp. recognized a goodwill impairment loss of $1 million. On which financial statement is the impairment loss recorded? (Hint: This relates to the debit account of the journal record of the impairment loss recognition) Blank # 1 Blank # 2
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