Crystal, Incorporated acquired 100 percent of the assets and liabilities of Design, Inc. by issuing its common stock in a business combination. At the time of the combination, the fair values of Design's net assets and Crystal's common stock were $440,000 and $410,000, respectively; the book value of Design's net assets was $320,000, and the par value of Crystal's stock was $160,000. Included in Design's net assets was equipment with a fair value of $300,000 and a book value of $180,000.
Based on the information given above, the excess of Crystal's acquisition cost over the book value of Design's net assets is:
Based on the information given above, the amount to be reported as goodwill subsequent to the combination is:
Consider the information given above. If the total book value of Crystal's net assets is $900,000, what is the total amount of net assets of both companies combined?
1. Based on the information given above, the excess of Crystal's acquisition cost over the book value of Design's net assets is:
FV of assets acquired $440,000
Fair value of consideration given $410,000 (acquisition ...
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