WHAT PORTION IS ALLOCATED TO NET INTANGIBLE ASSETS THE KEY H
WHAT PORTION IS ALLOCATED TO NET INTANGIBLE ASSETS? THE KEY HERE IS THE WORD NET!
NET is the question, what portion is allocated to NET INTANGIBLE assets?
Have attempted this 34 times and I cannot nor can anyone from Chegg so far figure this one question out correctly. The WRONG answers are so far:
117.8, 117.3, 117, 117.1, 118, 21.7, 21.9, 117.7, 21.8, 95, 117.2, 116, 115, 21.9, 22, 117.5, 117.6, 78.1, 0, 100, 96.2, 117.4, 1, 961.9, 117.9, 114, 113, 112, 111, 110, 90.44, 108.95, 109, and 108. PLEASE DO NOT GIVE ONE OF THESE ANSWERS AS IT IS WRONG.
Allocating Purchase Price
Adobe Systems Inc. reports the following footnote to its 10-K report.
Fotolia On January 27, 2015, we completed our acquisition of privately held Fotolia, a leading marketplace for royalty-free photos, images, graphics and HD videos. During the first quarter of fiscal 2015, we began integrating Fotolia into our Digital Media reportable segment. Under the acquisition method of accounting, the total final purchase price was allocated to Fotolia’s net tangible and intangible assets based upon their estimated fair values as of January 27, 2015. The total final purchase price for Fotolia was $819.9 million of which $751.3 million was allocated to goodwill that was nondeductible for tax purposes, $210.6 million to identifiable intangible assets and $142.0 million to net liabilities assumed.
a. Of the total assets acquired, what portion is allocated to net intangible assets?
Round answer to one decimal place (ex: 0.2345 = 23.5%)
Answer
%
Solution
Purchase price v 819.9
Goodwill. 751.3
Tangible asset. 68.6
Intangible asset 210.6
Liabilities 142
Liabilities- tangible asset 73.4
Intangible-(Liabilities a tangible) 137.2
So answer is 137.2
Dear have tries this question I m not sure this is correct or not but please comment the correct answer in comment box I will try to solve this question again.. And will answer in comment box..thanks
