On March 31, 2021, Wolfson Corporation acquired all of the outstanding shares of Barney Corporation common stock for $17,800,000 in cash. The book values and fair values of Barney’s assets and liabilities were as follows: Value in books fair value Current assets ps 6,800,000 ps 8,300,000 Property, plant and equipment 11,800,000 14,800,000 Other assets 1,080,000 1,580,000 current liabilities 4,800,000 4,800,000

Sep 8, 2023

On March 31, 2021, Wolfson Corporation acquired all of the outstanding shares of Barney Corporation common stock for $17,800,000 in cash. The book values and fair values of Barney’s assets and liabilities were as follows:

Value in books fair value
Current assets ps 6,800,000 ps 8,300,000
Property, plant and equipment 11,800,000 14,800,000
Other assets 1,080,000 1,580,000
current liabilities 4,800,000 4,800,000
Long term passives 6,800,000 6,300,000

Required:
Calculate the amount paid for goodwill.

Don't use plagiarized sources. Get Your Custom Essay on
On March 31, 2021, Wolfson Corporation acquired all of the outstanding shares of Barney Corporation common stock for $17,800,000 in cash. The book values and fair values of Barney’s assets and liabilities were as follows: Value in books fair value Current assets ps 6,800,000 ps 8,300,000 Property, plant and equipment 11,800,000 14,800,000 Other assets 1,080,000 1,580,000 current liabilities 4,800,000 4,800,000
Just from $13/Page
Order Essay

Recent Posts