Please provide the correct answers. there are several answersand i need the corrects ones.
1.Compute the cost of the property, plant and equipment at theend of the current year.Explain your answer.
2.What was the approximate age of the property, plant andequipment at the end of the current year?
3. Compute the fixed asset turnover ratio for the currentyear.Explain your results.
4. What is the âexcess cost over fair value of assetsacquiredâ?
5. On the consolidated statement of cash flows, why are thedepreciation and amortization amounts added to income fromcontinuing operations?
Christy Company operates in the entertainment industry. In June2013, Christy purchased Mattâs Movies which produces anddistributes various video products. The purchase resulted in $2.7million in goodwill. Since then, Christy has undertaken a number ofbusiness acquisitions and diversifications as the company expands.Selected date from a recent annual report are as follows: ((dollarsin thousands)
Property, Plant & Equipment and Intangibles BalanceSheet
Current Year
Prior Year
Film cost (net of amortization)
$1,272
$ 991
Artistsâ Contracts and other Entertainment Assets
761
645
Property, Plant & Equipment (net)
2,733
2,559
Excess of Cost over Fair Value of Assets Acquired
3,076
3,355
Accumulated Depreciation on Property, Plant & Equipment
1,178
1,023
Income Statement
Total Revenue
9,714
10,644
Statement of Cash Flows
Income from Operations
880
445
Adjustments
Depreciation
289
265
Amortization
208
190
Other Adjustments
-1,618
-256
Net Cash provided by Operations
-241
644
Required
Compute the cost of the property, plant and equipment at the endof the current year.Explain your answer.
What was the approximate age of the property, plant andequipment at the end of the current year?
Compute the fixed asset turnover ratio for the currentyear.Explain your results.
What is the âexcess cost over fair value of assetsacquiredâ?
On the consolidated statement of cash flows, why are thedepreciation and amortization amounts added to income fromcontinuing operations?
Please provide the correct answers. there are several answersand i need the corrects ones.
1.Compute the cost of the property, plant and equipment at theend of the current year.Explain your answer.
2.What was the approximate age of the property, plant andequipment at the end of the current year?
3. Compute the fixed asset turnover ratio for the currentyear.Explain your results.
4. What is the âexcess cost over fair value of assetsacquiredâ?
5. On the consolidated statement of cash flows, why are thedepreciation and amortization amounts added to income fromcontinuing operations?
Christy Company operates in the entertainment industry. In June2013, Christy purchased Mattâs Movies which produces anddistributes various video products. The purchase resulted in $2.7million in goodwill. Since then, Christy has undertaken a number ofbusiness acquisitions and diversifications as the company expands.Selected date from a recent annual report are as follows: ((dollarsin thousands)
Property, Plant & Equipment and Intangibles BalanceSheet | Current Year | Prior Year |
Film cost (net of amortization) | $1,272 | $ 991 |
Artistsâ Contracts and other Entertainment Assets | 761 | 645 |
Property, Plant & Equipment (net) | 2,733 | 2,559 |
Excess of Cost over Fair Value of Assets Acquired | 3,076 | 3,355 |
Accumulated Depreciation on Property, Plant & Equipment | 1,178 | 1,023 |
Income Statement | ||
Total Revenue | 9,714 | 10,644 |
Statement of Cash Flows | ||
Income from Operations | 880 | 445 |
Adjustments | ||
Depreciation | 289 | 265 |
Amortization | 208 | 190 |
Other Adjustments | -1,618 | -256 |
Net Cash provided by Operations | -241 | 644 |
Required
Compute the cost of the property, plant and equipment at the endof the current year.Explain your answer.
What was the approximate age of the property, plant andequipment at the end of the current year?
Compute the fixed asset turnover ratio for the currentyear.Explain your results.
What is the âexcess cost over fair value of assetsacquiredâ?
On the consolidated statement of cash flows, why are thedepreciation and amortization amounts added to income fromcontinuing operations?
Related questions
Hi, please answer question at the end of scenario. Thanks.
Christy Company operates in the entertainment industry. In June2013, Christy purchased Mattâs Movies which produces anddistributes various video products. The purchase resulted in $2.7million in goodwill. Since then, Christy has undertaken a number ofbusiness acquisitions and diversifications as the company expands.Selected date from a recent annual report are as follows: ((dollarsin thousands)
Property, Plant & Equipment and Intangibles BalanceSheet | Current Year | Prior Year |
Film cost (net of amortization) | $1,272 | $ 991 |
Artistsâ Contracts and other Entertainment Assets | 761 | 645 |
Property, Plant & Equipment (net) | 2,733 | 2,559 |
Excess of Cost over Fair Value of Assets Acquired | 3,076 | 3,355 |
Accumulated Depreciation on Property, Plant & Equipment | 1,178 | 1,023 |
Income Statement | ||
Total Revenue | 9,714 | 10,644 |
Statement of Cash Flows | ||
Income from Operations | 880 | 445 |
Adjustments | ||
Depreciation | 289 | 265 |
Amortization | 208 | 190 |
Other Adjustments | -1,618 | -256 |
Net Cash provided by Operations | -241 | 644 |
On the consolidated statement of cash flows, why are thedepreciation and amortization amounts added to income fromcontinuing operations?
Hi please answer the question at the end. Thanks.
Christy Company operates in the entertainment industry. In June2013, Christy purchased Mattâs Movies which produces anddistributes various video products. The purchase resulted in $2.7million in goodwill. Since then, Christy has undertaken a number ofbusiness acquisitions and diversifications as the company expands.Selected date from a recent annual report are as follows: ((dollarsin thousands)
Property, Plant & Equipment and Intangibles BalanceSheet | Current Year | Prior Year |
Film cost (net of amortization) | $1,272 | $ 991 |
Artistsâ Contracts and other Entertainment Assets | 761 | 645 |
Property, Plant & Equipment (net) | 2,733 | 2,559 |
Excess of Cost over Fair Value of Assets Acquired | 3,076 | 3,355 |
Accumulated Depreciation on Property, Plant & Equipment | 1,178 | 1,023 |
Income Statement | ||
Total Revenue | 9,714 | 10,644 |
Statement of Cash Flows | ||
Income from Operations | 880 | 445 |
Adjustments | ||
Depreciation | 289 | 265 |
Amortization | 208 | 190 |
Other Adjustments | -1,618 | -256 |
Net Cash provided by Operations | -241 | 644 |
Compute the fixed asset turnover ratio for the current year.Explain your results.
Christy Company operates in the entertainment industry. In June2013, Christy purchased Mattâs Movies which produces anddistributes various video products. The purchase resulted in $2.7million in goodwill. Since then, Christy has undertaken a number ofbusiness acquisitions and diversifications as the company expands.Selected date from a recent annual report are as follows: ((dollarsin thousands)
Property, Plant & Equipment and Intangibles BalanceSheet | Current Year | Prior Year |
Film cost (net of amortization) | $1,272 | $ 991 |
Artistsâ Contracts and other Entertainment Assets | 761 | 645 |
Property, Plant & Equipment (net) | 2,733 | 2,559 |
Excess of Cost over Fair Value of Assets Acquired | 3,076 | 3,355 |
Accumulated Depreciation on Property, Plant & Equipment | 1,178 | 1,023 |
Income Statement | ||
Total Revenue | 9,714 | 10,644 |
Statement of Cash Flows | ||
Income from Operations | 880 | 445 |
Adjustments | ||
Depreciation | 289 | 265 |
Amortization | 208 | 190 |
Other Adjustments | -1,618 | -256 |
Net Cash provided by Operations | -241 | 644 |
Required (please show your detailed work):
3. Compute the fixed asset turnover ratio for the current year.Explain your results.
4. What is the âexcess cost over fair value of assets acquiredâ?
5. On the consolidated statement of cash flows, why are thedepreciation and amortization amounts added to income fromcontinuing operations?
