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    Advanced Financial Accounting

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

    © BrainMass Inc. brainmass.com October 10, 2019, 12:46 am ad1c9bdddf
    https://brainmass.com/business/financial-accounting-bookkeeping/advanced-financial-accounting-306291

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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 ...

    Solution Summary

    This solution helps with problems about advanced financial accounting.

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