Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On August 31, 2011, Wood Corp. issued 100,000 shares of its $20 par value common stock for the net assets of Pine, Inc., in a business combination accounted for by the acquisition method. The market value of Wood's common stock on August 31 was $36 per share. Wood paid a fee of $160,000 to the consultant who arranged this acquisition.
Costs of registering and issuing the equity securities amounted to $80,000. No goodwill was involved in the acquisition.
What amount should Wood capitalize as the cost of acquiring Pine's net assets?
Record all necessary depreciation and amortization entries on December 31, 2009 and prepare a partial balance sheet for Withers on December 31, 2009.
Calculate net income, margin, and sales required for Manyops, Inc., to achieve its target ROI as a manufacturing firm. Assume that the average margin of maintenance service firms is 2.5%.
Finlon applies manufacturing overhead to production on the basis of direct-labor cost. (The budgeted direct-labor cost is the company's practical capacity, in terms of direct-labor hours, multiplied by the budgeted direct-labor rate.)
A service contract offers free or low-cost repairs to the product
An investment project with a project profitability index of -0.05 has an internal rate of return that is less than the discount rate. The "costs to be accounted for" portion of the cost reconciliation report includes the cost of beginning work in pro..
Prepare the financial statements for the year for Stellar Corporation--a multi-step income statement, a statement of retained earnings, and a classified balance sheet.
the Company did not report sold receivables are in the accounts receivable balance on the Company’s balance sheet.
research in motion and apple are competitors in the global marketplace. key comparative figures for each company
Explain how Magrath should account for and report the accounts receivable factored on April 3, 2007 and why is this accounting treatment appropriate?
Other accrued liabilities-payroll For the payroll period ended on June 25, 2013. Use the horizontal model or write the journal entry to show the effects of the payroll accrual on June 25, 2013.
Ottawa Corporation owns machinery that cost $33,160 when purchased on July 1, 2011. Depreciation has been recorded at a rate of $3,979 per year, resulting in a balance in accumulated depreciation of $13,927 at December 31, 2014. The machinery is sold..
Highlight the three most important technology concepts involving Accounting Information Software applications that you learned and how these concepts improved your knowledge of technology. Use examples for each one.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd