ACCT6301:783-Accounting Analysis Summer 1 2018 My Subscriptions / Courses/ ACCT6

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ACCT6301:783-Accounting Analysis Summer 1 2018 My Subscriptions / Courses/ ACCT6301:783-Accounting Analysis Summer 1 2018/Module / Hwo QUESTION 7 Partaly correct Mark 1 60 out of 200oveg Allocating Purchase Price Adobe Systems inc. reports the following footnote to its 10-K report. Fotolia On january 27, 2015, we completed of fiscal 2015. we began integrating Fotolia i our acquisition of privately held Fotolia, a leading marketplace for royality free photos, images. graphics and HD videos.During the first quarter into our Digital Media reportable segment. Under the acquisition method of accounting the total final purchase price was allocated to Fotolia's assets based upon their estimated fair values as of january 27, 2015. The total final purchase price for Fotolia was $819.9 million of which $751.3 milon was uctible for tax purposes, $210.6 million to identifiable intangible assets and $142.0 million to net liabilities assumed a. of the total assets acquired, what portion is alocated to net intangible asset Round answer to one decimal place (ex: 02345 . 23.5%) 117.3 ?%

Explanation / Answer

108.9523=  

=108.95 =109%

Purchase price 819.9 Goodwill 751.3 Intangible asset 210.6 Liabilities 142 Tangible asset 68.6 Goodwill+ Liabilities 893.3 % portion of intangible asset

108.9523=  

=108.95 =109%

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