Get Advanced accounting PDF

By Floyd A Beams; et al

ISBN-10: 0132568969

ISBN-13: 9780132568968

Show description

Read or Download Advanced accounting PDF

Similar textbooks books

Read e-book online The Theory of Matrices PDF

This treatise, through one among Russia's prime mathematicians, offers in simply obtainable shape a coherent account of matrix thought as a way to purposes in arithmetic, theoretical physics, statistics, electric engineering, and so on. the person chapters were stored so far as attainable self sufficient of one another, in order that the reader accustomed to the contents of bankruptcy 1 can continue instantly to the chapters of exact curiosity.

Download e-book for iPad: Onboard Computers, Onboard Software and Satellite by Jens Eickhoff

This e-book is meant as a approach engineer's compendium, explaining the dependencies and technical interactions among the onboard computing device undefined, the onboard software program and the spacecraft operations from flooring. After a quick creation at the next improvement in all 3 fields over the spacecraft engineering levels all the major topis is taken care of intensive in a separate half.

Extra info for Advanced accounting

Example text

We determine fair values for all identifiable assets and liabilities, regardless of whether they are recorded on the books of the acquired company. For example, an acquired company may have expensed the costs of developing patents, blueprints, formulas, and the like. [6] Assets acquired and liabilities assumed in a business combination that arise from contingencies should be recognized at fair value if fair value can be reasonably estimated. If fair value of such an asset or liability cannot be reasonably estimated, the asset or liability should be recognized in accordance with general FASB guidelines to account for contingencies, and reasonable estimation of the amount of a loss.

The plant and equipment acquired in this business combination should be recorded at: a $220,000 b $200,000 c $183,332 d $180,000 19 20 CHAPTER 1 2. On April 1, Par Company paid $1,600,000 for all the issued and outstanding common stock of Son Corporation in a transaction properly accounted for as an acquisition. Son Corporation is dissolved. The recorded assets and liabilities of Son Corporation on April 1 follow: Cash Inventory Property and equipment (net of accumulated depreciation of $640,000) Liabilities $160,000 480,000 960,000 (360,000) On April 1, it was determined that the inventory of Son had a fair value of $380,000 and the property and equipment (net) had a fair value of $1,120,000.

The following information shall be disclosed in the financial statements or the notes to financial statements for each period for which a statement of financial position is presented: a. For intangible assets subject to amortization, all of the following: 1. The gross carrying amount and accumulated amortization, in total and by major intangible asset class 2. The aggregate amortization expense for the period 3. The estimated aggregate amortization expense for each of the five succeeding fiscal years b.

Download PDF sample

Advanced accounting by Floyd A Beams; et al

by Steven

Rated 4.59 of 5 – based on 37 votes