what to include in Fair Value at DOA to arrive to good will?

This topic has 5 replies, 2 voices, and was last updated 12 years ago by MikeLittle.

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April 21, 2014 at 4:21 am #165775
abodinho
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I hope someone can help me with this!
in example 1, when doing the FV at DOA why inventory 60k,cash 20k,receivables 70k and non-current assets Tangible of 150k are not included in the answer?

Is it because they are current assets?
Do we only include Non-current assets? Because in chapter 7 example 11 page 46we included Non-dep non-cur assets and Dep non-cur assets.

I am confused now, can someone help me please?
April 21, 2014 at 2:48 pm #165803
MikeLittle
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I need a better reference that this! Example 1 is in chapter 1 and is called Laima!
April 21, 2014 at 5:46 pm #165829
abodinho
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Sorry about that,chapter 8 example one.
April 21, 2014 at 7:11 pm #165845
MikeLittle
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Maybe because of the last word in the first sentence of the question?
April 21, 2014 at 7:25 pm #165849
abodinho
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Ohhh xD because it’s acquired on its incorporation day! Hahah thanks a lot Sir Mike! You are the best!
April 21, 2014 at 7:44 pm #165851
MikeLittle
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It’s what I repeatedly say to students ….RTFQ

Read the full question – very carefully!
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