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  • Using The Data From p7 5 Indicate The Effects On The

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    Miroslav Gegoski
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    The document discusses the effects of impaired goodwill, patent amortization, and natural resource depletion on the liquidity metric of free cash flow and the profitability metric of asset turnover for a company called Gemini Company based on financial data from the current year ended December 31. It provides details of $3 million in impaired goodwill, $920,000 in costs to obtain a patent with an 8-year life that is amortized over half a year, and the purchase of timber rights for $1.35 million with 3.3 million board feet cut and sold during the year.

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    Using the Data From p7 5 Indicate the Effects on The

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    Using the Data From p7 5 Indicate the Effects on The

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    The document discusses the effects of impaired goodwill, patent amortization, and natural resource depletion on the liquidity metric of free cash flow and the profitability metric of asset turnover for a company called Gemini Company based on financial data from the current year ended December 31. It provides details of $3 million in impaired goodwill, $920,000 in costs to obtain a patent with an 8-year life that is amortized over half a year, and the purchase of timber rights for $1.35 million with 3.3 million board feet cut and sold during the year.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11 views1 page

    Using The Data From p7 5 Indicate The Effects On The

    Uploaded by

    Miroslav Gegoski
    The document discusses the effects of impaired goodwill, patent amortization, and natural resource depletion on the liquidity metric of free cash flow and the profitability metric of asset turnover for a company called Gemini Company based on financial data from the current year ended December 31. It provides details of $3 million in impaired goodwill, $920,000 in costs to obtain a patent with an 8-year life that is amortized over half a year, and the purchase of timber rights for $1.35 million with 3.3 million board feet cut and sold during the year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Using the data from P7 5 indicate the effects on the #8872

    Using the data from P7-5, indicate the effects on the liquidity metric free cash flow and
    profitability metric asset turnover for each of the following:1. Impaired goodwill2. Patent
    amortization3. Natural resource depletionData from P7-5Data related to the acquisition of timber
    rights and intangible assets of Gemini Company during the current year ended December 31
    are as follows:a. On December 31, Gemini Company determined that $3,000,000 of goodwill
    was impaired.b. Governmental and legal costs of $920,000 were incurred by Gemini Company
    on June 30 in obtaining a patent with an estimated economic life of eight years. Amortization is
    to be for one-half year.c. Timber rights on a tract of land were purchased for $1,350,000 on
    March 6. The stand of timber is estimated at 15,000,000 board feet. During the current year,
    3,300,000 board feet of timber were cut and sold.View Solution:
    Using the data from P7 5 indicate the effects on the

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