On march 31, 2021, wolfson corporation acquired all of the outstanding common stock of barney corporation for $17,500,000 in cash. the book values and fair values of barney’s assets and liabilities were as follows: book value fair value current assets $ 6,500,000 $ 8,000,000 property, plant, and equipment 11,500,000 14,500,000 other assets 1,050,000 1,550,000 current liabilities 4,500,000 4,500,000 long-term liabilities 6,500,000 6,000,000

Amount paid for goodwill  = $3950000

Explanation:

given data

outstanding common stock  = $17,500,000

                                                   book values            fair values

Current assets                           $6,500,000             $8,000,000  

Property plant and equipment  11,500,000               14,500,000  

Other assets                                1,050,000                1,550,000  

Current liabilities                         4,500,000                4,500,000  

Long-term liabilities                     6,500,000               6,000,000

to find out

Calculate the amount paid for goodwill

solution

we get here first Net fair value of assets acquired that is here

Net fair value of assets = Current assets + Property plant and equipment +Other assets -  Current liabilities - Long-term liabilities    1

put here value we get

Net fair value of assets =  8,000,000 + 14,500,000 + 1,550,000 - 4,500,000 -  6,000,000

Net fair value of assets =  13550000

and

Amount paid for goodwill here

Amount paid for goodwill = outstanding common stock - Net fair value of assets    2

put here value

Amount paid for goodwill = $17,500,000 - 13550000

Amount paid for goodwill  = $3950000

metallurgy is your answer

the "study of metals and the process of refining ("

note that it says metal. metallurgy has the word "metal" in it, and so is most likely your answer (and is your answer).

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net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation: