Reference no: EM131121596
Exercise 7 (LO 5, 6, 7, 8) 80% purchase with a gain and preexisting goodwill. Ve- nus Company purchases 8,000 shares of Sundown Company for $64 per share. Just prior to the purchase, Sundown Company has the following balance sheet:
Assets Liabilities and Equity
|
Cash . . . . . . . . . . . . . . . . . . . . . . . . .
|
$ 20,000
|
Current liabilities . . . . . . . . . . . . . . . .
|
$250,000
|
|
Inventory . . . . . . . . . . . . . . . . . . . . . .
|
280,000
|
Common stock ($5 par). . . . . . . . . . .
|
50,000
|
|
Property, plant, and equipment (net) .
|
400,000
|
Paid-in capital in excess of par . . . . .
|
130,000
|
|
Goodwill . . . . . . . . . . . . . . . . . . . . . .
|
100,000
|
Retained earnings . . . . . . . . . . . . . . .
|
370,000
|
Total assets. . . . . . . . . . . . . . . . . . . $800,000 Total liabilities and equity . . . . . . . $800,000
Venus Company believes that the inventory has a fair value of $400,000 and that the prop- erty, plant, and equipment is worth $500,000.
1. Prepare the value analysis schedule and the determination and distribution of excess sched- ule.
2. Prepare the elimination entries that would be made on a consolidated worksheet prepared on the date of acquisition.
|
What components of the organizational culture should change
: Define and evaluate the problem with the current organizational cultures at AGC. What components of the organizational culture should change, and why? What impact do the leadership styles have on the present organizational cultures at AGC?
|
|
Why are these three requirements the most important
: How do these three requirements translate to improvement in service quality and return on investment?
|
|
Analyze main factors that affect cost of healthcare services
: Assess the key different types of physician practices and evaluate three (3) administrative challenges that practice administrators face in providing quality services to the communities they serve. Support your analysis with
|
|
What would happen if the diagnostic step was not conducted
: What would happen if the diagnostic step was not conducted? What would happen if the diagnostic step was poorly researched and evaluated? What types of data will be gathered, from whom, and how will they be analyzed?
|
|
Purchase with a gain and preexisting goodwill
: Exercise 7 (LO 5, 6, 7, 8) 80% purchase with a gain and preexisting goodwill. Ve- nus Company purchases 8,000 shares of Sundown Company for $64 per share. Just prior to the purchase, Sundown Company has the following balance sheet:
|
|
Determines its annual income tax expense
: Gosling Company determines its annual income tax expense to be $459,000. Of that amount, $300,000 has already been paid during the year (on a quarterly basis) and charged to the Income Taxes Expense account.
|
|
Find two current needs and two current uses care services
: Determine the main way(s) the overall needs and uses of long-term care services have evolved over the past fifty (50) years. Predict the main way(s) the overall needs and uses of long-term care services will continue to evolve over the next ten (10)..
|
|
List at least five human capital management problems at agc
: List at least five human capital management problems at AGC. Leadership styles and their impact on organizational cultures. How will you measure the effectiveness of the plan?
|
|
Brie?y explain the meaning of dual diagnosis
: Brie?y explain the meaning of dual diagnosis. Discuss the various problems from nursing perspective that can arise while dealing with a patient of dual diagnosis
|