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Reynos inc's balance sheet reports the asset Cost in Excess of Net Assets of Purchased Businesses Assume that Reynolds acquired another company, which caned these figures the icon to view the figures) Required 1. What w used in Canadian financial reporting for the asset Cost in Excess of Net Assons of Purchased Business? 1. Reynoids 's purchase of the other company for $5.8 million cash 1. As That Rede detained that the asset Cost in Excess of Net Assots of Purchased Businesses increased in value by $830,000 How would this transaction be recorded? Then, suppose Cost in Excess of Net Assets of Purchased Businesses decreased in value by $830,000 How would this transaction be recorded? Discuss the basis for your decision in each case Requirement that is the term used in Canadian financial reporting for the asset Cost in Excess of Net Assets of Purchased Business? The ed in Canadian trancial reporting for Cost an Excess of Net Assets of Purchased Businesses is More info 3:39 42 Carrying amount of t Fair value of net Print Done
het reports the set Cost in Excess of Net Assets of Purchased Businesses Assume that Reynolde acquired another company, which caled these to view the figu 0 Required 1. What used in Canadian francial reporting for the asset Cost in Excess of Net Assets of Purchased Business? s's purchase of the other company or 55.8 million sash 3. Assume that Reynolds deemed that the asset Cost in Excess of Net Assets of Purchased Businesses increased in value by $530,000. How would this transaction be recorded? Then suppose Cost in Excess of Net Assets of Purchased $430,000 How is action be recorded? Dacuss the basis for your decision in each case Based i Requirement 1. What is the tem und in Canadian financial reporting for the ansat Cost in Excess of Net Assets of Purchased Businesses? The used in Canadian francial reporting for Cost in Excess of Net Aasets of Purchased Businesses is More info 19 Carrying amount of net assets Fair value of net a Print Help me solve this Calculator Ask my instructor Clear all Check answer Done
ACCT2020-1 (Summer) HW Score: 0%, 0 of 70 points O Points: 0 of 10 Save Question 3, P6-47A Part 1 (similar to) Part 1 of 7 Homework: Assignment 8 Reynoldsne's balance sheet reports the meat Coet in Excess of Nat Assets of Purchased Businesses. Assume that Reynolds acquired another company, which carried these figures the icon to the figures) Required 1. What is the term used in Canadian financial reporting for the asset Coat in Excess of Nat Assets of Purchased Businesses 2. Recon Reynolds Inc.'s purchase of the other company for $5.8 million cash 3. Assume that Reynolds determined that the asset Cost in Excess of Net Assets of Purchased Businesses increased in value by $830,000. How would this transaction be recorded? Then, suppose Cost in Excess of Net Assets of Purchased Businesses decreased in value by $830,000 How would this transaction be recorded? Discuss the basis for your decision in each case Requirement 1. What is the term used in Canadian financial reporting for the asset Cost in Excess of Net Assets of Purchased Businesses? The term in Canadian financial reporting for Cost in Excess of Net Assets of Purchased Businesses i - X More info Carrying amount of net assets Fair value of net assets Print Help me solve this Calculator Ask my instructor Clear all Check answe 3.9 millon 42 mon Done MacBook Pro