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*Complete the Goodwill Impairment Loss Effects Projects Scenario Pecos order acquired degree Celsius percent of Suaros outstanding stock for $1,450,000 interchange on January 1, 2009, when Suaro had the following balance sheet: AssetsLiabilities and Equity currency$37,000Liabilities$(422,000) Receivables82,000 Inventory..149,000 uncouth Stock.(350,000) Land90,000 kept up(p) loot.(126,000) Equipment (net).225,000 Software315,000 rag Liabilities and Equity.$(898,000) Total Assets..898,000 At the science date, the fair set of each identifiable asset and liability that differed from book cheer were as follows: Land$80,000 Brand expose 60,000(indefinite life unacknowledged on Suaros books) Software415,000(2-year estimated useful life) In-Process R& adenylic acid;D300,000(no alternative use for these R&D assets) Additional Information * Although at acquisition date Pecos expect up coming benefits from Suaros in-process research and development (R&D), by the revoke of 2009, it became clear that the research project was a affliction with no future economic benefits.

* During 2009, Suaro earns $75,000 and pays no dividends. * Selected amounts from Pecos and Suaros disjoint financial statements at December 31, 2010, are presented in the coalesced information worksheet. All consolidated worksheets are to be wide-awake as of December 31, 2010, two years subsequent to acquisition. * Pecoss January 1, 2010, Retained Earnings balancebefore any perfume from Suaros 2009 incomei s ($930,000) (credit balance). * Pecos ! has 500,000 common shares outstanding for EPS calculations and reported $2,943,100 for consolidated assets at the stem of the period. Following is the consolidated information worksheet. A| B| C| D| December 31, 2010, trial balances | | | | | Pecos| Suaro| | Revenues|...If you want to get a full essay, order it on our website: BestEssayCheap.com

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