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Tinman Company exchanges $276,000 (market value) of its no-par value common stock to acquire 100%...

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Accounting

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Tinman Company exchanges $276,000 (market value) of its no-par value common stock to acquire 100% of the common stock of Englert Compaay. (Cick the icon to view additional information.) What is the fair value of the identifable net assots Tinman acquires from Englert? What is the amount of goodwill on Tinman's acquistion of Englert? What is the joumal entry is rocond Tinmar Compary's purchase of Englert Company? Determine the tair value of the identifable net assots Tinman acquires from Englect. The fair value of the isentiliable net assets Tinman acquires is equal in More info Engleit Company reports total assets of 557.000 consisting of $42.000 cash. 5166.000 imventooy, and a $370.000 factory twiling. Lngiert Company reports labifes of $434,000 comesting of 5184,000 accovits payable and $246.000 ione term debt Therefore, the hisborical cost of the not assets acqued is equal to $144,000($570,0005434,000) An appraisal of Eegler Company ase ases and liabales indicated that finglert Comparys factory builing. part of ts PPE, is undervalued by 572.009 . The book values of at other aspets and labilses

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