Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the difference between implied and book value acco

The Difference between Implied and Book Value account is: The excess implied value assigned to...

50.1K

Verified Solution

Question

Accounting

image

The Difference between Implied and Book Value account is: The excess implied value assigned to goodwill reflected on the consolidated balance sheet. Used in allocating the amounts paid for recorded balance sheet accounts that are different than their fair values. Used in allocating the Non-Controling interest value on the consolidated balance sheet. An asset or liability account reflected on the consolidated balance sheet

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students