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[DOC File]Issuance of Common Stock example
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Let us also assume that the par value of the stock is $10. Here is the journal entry that the company will make following the sale of the shares: Cash (200 shares x $50) 10,000. Common Stock (200 shares x $10)) 2,000. Add’l Paid in Capital (10,000 - 2,000) 8,000. The journal entry …
record goodwill amortization

[DOC File]P12-6 (Comprehensive Intangible Assets) Montana Matt's ...
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May 08, 2010 · (b) Prepare the journal entry to record amortization expense for 2010. Prepare the intangible assets section of Montana Matt's Golf Inc. at December 31, 2010. (No impairments are required to be recorded in 2010.)
goodwill journal entry accounting

[DOC File]4 ASSIGNMENT, DEPRECIATION, AND AMORTIZATION OF …
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(1) Securities 120,000 Land 540,000 Goodwill 160,000 Equipment (net) 200,000 Unamortized Premium on Bonds Payable 100,000 Difference Between Cost and Book Value 520,000 To allocate the difference between cost and book value on the date of acquisition (this entry is repeated in subsequent years because the year of acquisition entry was recorded ...
intangible asset amortization journal entry

[DOC File]Chapter 13
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Make the journal entry necessary to recognize amortization expense for the year. PRACTICE 2 GOODWILL IMPAIRMENT. Buyer Company acquired Target Company on January 1. As part of the acquisition, $1,000 in goodwill was recognized; this goodwill was …
according to gaap you adjust goodwill when

[DOC File]CHAPTER 1
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If all goodwill from the Small investment was determined to be impaired, Giant would make the following journal entry on its books: Goodwill impairment loss 60,000. Investment in Small 60,000. After this entry, the worksheet process would no longer require an adjustment in Entry (A) to recognize goodwill.
goodwill writedown journal entry

[DOC File]OTHER NONCURRENT ASSETS ACCOUNTING
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( The journal entry to record the amortization expense of organization costs is the following: Dr. Cr.-----Amortization expense (org. costs) xxx. Organization costs xxx-----2.Goodwill: ( It is the potential of a business to earn a rate of return in excess of the average rate of return for similar businesses in …
accounting for goodwill

[DOC File]CHAPTER 3
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Dec 31, 2003 · 1 Journal entry to record push down values Inventories 20,000 Land 50,000 Buildings — net 150,000 Equipment — net 80,000 Goodwill 250,000 Retained earnings 210,000 Note payable 10,000 Push-down capital 750,000
goodwill amortization period

[DOC File]Chapter 16 Accounting for Plant Assets and Depreciation
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Journal entry: General Journal Page 1 Date Account Title P.R Debit Credit 20-- Adjusting Entries Dec 31 Amortization Expense—Patents 16,000.00 Patents 16,000.00 Goodwill. Goodwill is the value of all favorable attributes that relate to a business enterprise.
amortization journal entry example

[DOC File]Chapter 12 Intangible Assets
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Journal entry. Loss on impairment—Goodwill $ 600,000. Goodwill 600,000. RESEARCH & DEVELOPMENT ... The periodic amortization percentage for software development costs is the greater of (1) the ratio of current revenues to current and anticipated revenues (percentage-of-revenue method) or (2) the straight-line percentage over the useful life ...
record goodwill amortization

[DOC File]ANSWERS TO QUESTIONS
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The journal entry to record this transaction is as follows: ... Note—No amortization of goodwill; goodwill should be tested for impair-ment on at least an annual basis in future periods. PROBLEM 12-2 (a) Costs to obtain patent Jan. 2000 $62,050 2000 amortization ($62,050 ÷ 17) (3,650) Carrying value, 12/31/00 $58,400 ...
goodwill journal entry accounting

Journal entry for goodwill amortization