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NaviNow Company agrees to pay $20 million in cash to the four former owners of TrafficEye for all of its assets and liabilities. These four owners of TrafficEye developed and patented a technology for...
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In 2015 Microsoft Corporation reported a $5.1 billion charge for the impairment of goodwill and a $2.2 billion charge for the impairment of intangible assets in one of its reporting units (segments) i...
See AnswerQ: Wolf Pack Transport Co. has a 25 percent equity investment in
Wolf Pack Transport Co. has a 25 percent equity investment in Maggie Valley Depot (MVD), Inc., which owns and operates a warehousing facility used for the collection and redistribution of various cons...
See AnswerQ: Costco Wholesale Corporation owns and operates membership warehouses in the United States
Costco Wholesale Corporation owns and operates membership warehouses in the United States, Canada, United Kingdom, Mexico, Japan, Australia, and Spain. Costco also engages in retail operations through...
See AnswerQ: Since 1995, Starbucks Corporation had owned a 39.5 percent
Since 1995, Starbucks Corporation had owned a 39.5 percent equity interest in Starbucks Coffee Japan, Ltd. ("Starbucks Japan"). Its joint venture partner, Sazaby League of Japan also owned a 39.5 perc...
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Herbert, Inc., acquired all of Rambis Company’s outstanding stock on January 1, 2017, for $574,000 in cash. Annual excess amortization of $12,000 results from this transaction. On the date of the take...
See AnswerQ: Jonas Tech Corporation recently acquired Innovation Plus Company. The combined firm
Jonas Tech Corporation recently acquired Innovation Plus Company. The combined firm consists of three related businesses that will serve as reporting units. In connection with the acquisition, Jonas r...
See AnswerQ: In February 2015, Arctic Cat, Inc., acquired the assets
In February 2015, Arctic Cat, Inc., acquired the assets and liabilities of MotorFist, LLC, a privately owned company based in Idaho Falls, Idaho, in exchange for $9.118 million in cash and contingent...
See AnswerQ: On August 27, 2015, Celgene Corporation acquired all of the
On August 27, 2015, Celgene Corporation acquired all of the outstanding stock of Receptos, Inc., in exchange for $7.6 billion in cash. Referring to Celgene’s 2015 financial statements and its July 14,...
See AnswerQ: Consolidated financial reporting is appropriate when one entity has a controlling financial
Consolidated financial reporting is appropriate when one entity has a controlling financial interest in another entity. The usual condition for a controlling financial interest is ownership of a major...
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