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Advanced Financial Accounting

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Answers to problems 1, 3, 5, 17, 22. All is attached.

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This solution helps with problems about advanced financial accounting.

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1) B
2) C
5) D

17)

a. Acquisition Method—Entry to record acquisition of Sampras
Cash consideration transferred $300,000
Contingent performance obligation 15,000
Consideration transferred (fair value) 315,000
Fair value of net identifiable assets 282,000
Goodwill $33,000
Receivables 80,000
Inventory 70,000
Buildings 115,000
Equipment 25,000
Customer list 22,000
Capitalized R&D 30,000
Goodwill 33,000
Current liabilities 10,000
Long-term ...

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Manal Elkhoshkhany, MBA
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  • BA, Ain Shams University, Cairo Egypt
  • MBA, California State University, Sacramento
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