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!
Allocations schedule and S&A consolidation journal entry.
On January 1, 2009, Pampas Company acquired 80% of Smith Company's common stock and 40% of its non-voting, cumulative preferred stock. The consideration transferred by Pampas was $1,200,000 for the common and $124,000 for the preferred. Any excess acquisition-date fair value over book value is considered patents and amortized over 10 years. The capital structure of Smith immediately prior to the acquisition is:
Common stock, $10 par value
$500,000
Preferred Stock, 6% cumulative, $10 par value
$300,000
Additional paid-in capital
$200,000
Retained earnings
Total Stockholders' Equity
$1,500,000.00
Prepare the allocations schedule and the S&A consolidation journal entry for the December 31, 2009 consolidation worksheet.
What is the impact on the cost of the machine of the interest paid on the 10 percent note? Under what circumstances can interest expense be included in acquisition cost?
Identify at least four examples of the types of costs that likely explain the wide range of shoe selling prices. Be sure to justify your responses, not just show a listing of costs.
Evaluate the existing ratio and quick ratio for both years. What conclusions will you draw from these data?
There was no starting inventory. If the company uses the FIFO periodic inventory method, what would be the cost of the ending inventory?
some of the account balances of mali company at 31st december 20x0 are shown below6 preferred stock 100 par 2000 shares
all firms are earning zero economic profits but are operating below their minimum efficient scale. Explain the long-run adjustments that will create equilibrium with firms operating at their minimum efficient scale.
During the year, ABC LP generated a ($90,000) loss. explain how much of Sue's loss is disallowed due to her tax basis or at-risk amount?
Assume the original facts except that they also incurred a loss of $5,000 on the sale of some of their investment assets. Illustrate what effect does the $5,000 loss have on their taxable income?
The acquisition was made from an outside party. In the current year, how should these intra-entity bonds be accounted for within the consolidation process?
the specific purposes of this project arenbsp1. apply to actual companies the basic knowledge and analytical techniques
Prepare a pro forma balance sheet dated December 31, 2008 and show the financing changes suggested by the statement prepared in part A
Raxston currently owes Kordel $500,000 for inventory acquired over the past few months. In preparing consolidated financial statements, what amount of this debt should be eliminated?
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