Passcode Incorporated Acquired 90% of Safe Systems International for $540,000

question 16

Essay

Passcode Incorporated acquired 90% of Safe Systems International for $540,000, the market value at that time. On the date of acquisition, Safe Systems showed the following balances on their ledger:
Safe Systems has determined that their buildings have a remaining life of 10 years, and their equipment has a remaining useful life of 8 years.
Requirement 1: Calculate the amount of goodwill that will appear on the general ledger of Passcode and Safe Systems, as well as the amount that will appear on the consolidated financial statements.
Requirement 2: Calculate the amount of amortization that will appear on the consolidated financial statements for buildings and equipment, and explain how this amortization of excess fair value is shown on the separate general ledgers of Passcode and Safe Systems.

Identify the neurological underpinnings of aggression, perceived threat, and their implications for behavior.

Explain the influence of minority opinions on group decisions and the conditions under which this occurs.

Describe common compliance techniques and their psychological bases.

Examine the relationship between attitudes and behaviors and the factors that can influence this relationship.

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Definitions:

Personalized Offerings

Customized products or services designed to meet the specific needs or preferences of an individual customer.

Rapid Delivery

A service process that ensures products or goods are delivered to the customer promptly, often within the same day or a few hours.

Repeat Business

The phenomenon of customers consistently returning to purchase the same product or service from a business.

Omnichannel Retailers

Retailers that provide a seamless customer experience across multiple channels, including online and physical stores.