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cl .> .1 https://edugerwileyplus.com/edugen/student mantuni WileyPLUS: Mrwiley PLUS 1 1 Cantastus l LoqOut Leo, Company Accounting, 10e UNSW Accoenting (ACCT2542/ACCTS942) Home Read, Study & Practice Assignment Gradebook Assignment> Open Assignment FULL SCREEN PRINTER VERSION BACK NE ASSIGNMENT RESOURCES Question 1 Online Quiz Question1 Question 2 Cockroaches Limited acquired the identfiable assets, iabilities tems acquired, stated at fair value, are: plant $144 000; inventory 580 000: accounts receivabie $36 000; patents $20 000; and accounts payable $32 000. The difference on acquisition is: The O gain on bargain purchase $20 000. goodwit of $20 000. gain on bargain purchase $32 o00. goodwill of $248 000. Question 5 Question.6 Question 8 Question Question 10 Question Attempts: 0 of 1 used SAVE FOR LATER SUBNIT ANSWER be ch5.doc ch6 (1.doc a chedoc MacBookAiExplanation / Answer
Plant
$144,000
Inventory
$80,000
Accounts receivale
$36,000
Patent
$20,000
Total
$280,000
Less:Accounts payable
$32,000
Net fair value of assets acquired
$248,000
(260000-32000)
Amount paid
$268,000
Goodwill
$20,000
(268000-228000)
Answer: Goodwill of $20,000
Plant
$144,000
Inventory
$80,000
Accounts receivale
$36,000
Patent
$20,000
Total
$280,000
Less:Accounts payable
$32,000
Net fair value of assets acquired
$248,000
(260000-32000)
Amount paid
$268,000
Goodwill
$20,000
(268000-228000)
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