cl 1 httpsedugerwileypluscomedugenstudent mantuni WileyPLUS

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 MacBookAi

Solution

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)