Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pro-tech software acquired all of the outstanding

Pro-tech Software acquired all of the outstanding stock of Reliable Software for $16mlllion. The book...

90.2K

Verified Solution

Question

Accounting

image
Pro-tech Software acquired all of the outstanding stock of Reliable Software for $16mlllion. The book value of Rellable's net assets fassets minus liabilifies) wes $8.5 milion. The falf values of Recliable's assets and Habmitios equaled theif book values with the exreption of certain intangble assets whose fair values exceeded book values by $2.7milion. Calculate the amount paid for goodwill. (Enter your answer in whole dollars.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

3 1 1 2 12 20 2x 2x

Algebra
Q

1. You ask a preschooler and an adolescent to describe themselves. Write a brief description of...

Psychology
Q

A 1200 kW, 550 V DC generator has a terminal voltage of 500 V at rated...

Electrical Engineering
Q

MT 2006 A photo cell employs photoelectric effect to convert 1 Change in the frequency...

Physics
Q

Describe the following set as either finite or infinite x x is a word in...

Basic Math
Q

Verify that there exists a function g: R->R such that u = (u, v) =...

Statistics
Q

If f x 2x 1 and g x x Find g f 3 049 19...

Algebra
Q

6 5 4 3 2 1 8 7 6 5 4 3 2 1 1...

Algebra
Q

21-24 ...

Accounting
Q

1. The treasurer of Yoda Inc. needs to estimate cash collections from accounts receivable for...

Accounting
Q

! Required information The Foundational 15(Static)[LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] ...

Accounting
Q

assist me to understand how you got the $1 402.92 amount in the additional costs?...

Finance