Interpreting Acquisition Transaction with Goodwill Headquartered in Toronto, The Shoppers Drug…

Interpreting Acquisition Transaction with Goodwill

Headquartered in Toronto, The Shoppers Drug Mart Corporation is Canada’s largest retail pharmacy chain with more than 1,241 stores across Canada. The company also licenses or owns 60 medical clinic pharmacies as well as six luxury beauty destinations. The company reported the following in its annual report for the year ended December 29, 2012:


a. Identify the tangible and intangible assets that the company acquired. What proportion of the total price was for intangible assets?

b. Do any of the acquired intangible assets have indefinite lives? Explain.

c. Explain in layman’s terms the meaning of goodwill.

d. Why is prescription files an intangible asset? How will Shoppers Drug Mart realize value from this asset?

e. How will the company account for goodwill in 20 13 and beyond?

f How did Shoppers Drug Mart account for the income of Paragon in fiscal 2012?

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