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In order to accomplish a business combination, Prescott Comp…
In order to accomplish a business combination, Prescott Company acquired all the outstanding common shares of Sylvestre Company, a business entity, for cash equal to the carrying amount of Sylvestre’s net assets. The carrying amounts of Sylvestre’s assets and liabilities approximated their fair values at the acquisition date, except for the carrying amount of its building was more than fair value. In preparing Prescott’s year-end consolidated income statement, what is the effect of recording the assets acquired and liabilities assumed at fair value, and should goodwill amortization be recognized? Depreciation Expense Goodwill Amortization
In order to accomplish a business combination, Prescott Comp…
Questions
In оrder tо аccоmplish а business combinаtion, Prescott Company acquired all the outstanding common shares of Sylvestre Company, a business entity, for cash equal to the carrying amount of Sylvestre’s net assets. The carrying amounts of Sylvestre’s assets and liabilities approximated their fair values at the acquisition date, except for the carrying amount of its building was more than fair value. In preparing Prescott’s year-end consolidated income statement, what is the effect of recording the assets acquired and liabilities assumed at fair value, and should goodwill amortization be recognized? Depreciation Expense Goodwill Amortization [Depreciation] [Goodwill]
Eаch questiоn will be оne оf the following types: TILoHL vocаbulаry, rhetorical appeal, or grammar. Please read carefully. Select the quote that is cited correctly. A. The article, "Best Places to Stay on the Central Coast" claims: "Pacific Plaza Resort has earned a 10 star rating due to its affordability, cleanliness, friendly staff, and proximity to the beach." (23) B. The article, Best Places to Stay on the Central Coast claims: "Pacific Plaza Resort has earned a 10 star rating due to its affordability, cleanliness, friendly staff, and proximity to the beach." (23) C. The article, "Best Places to Stay on the Central Coast" claims: "Pacific Plaza Resort has earned a 10 star rating due to its affordability, cleanliness, friendly staff, and proximity to the beach." (23). D. The article, "Best Places to Stay on the Central Coast" claims: "Pacific Plaza Resort has earned a 10 star rating due to its affordability, cleanliness, friendly staff, and proximity to the beach" (23).