Already have an account? Get multiple benefits of using own account!
Login in your account..!
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 January 1, Year One, Big Company acquires 100 percent of the outstanding shares of Small Company by issuing its own stock worth $12 million. The shares of Small had been worth only $11 million in the period leading up to the acquisition but Big had to pay a premium in order to obtain all of the stock. Big paid an additional $200,000 in cash to attorneys as direct consolidation costs and another $150,000 in stock issuance costs. According to US GAAP, what should be the basis for reporting the assets and liabilities of Small within consolidated financial statements created on the date of acquisition?
Computation of unamortised bond premium, Gain and Loss on bond retirement and Prepare the journal entry to record the retirement of these bonds
The transaction gain or loss to be recognized over the term of a forward exchange contract entered into to speculate in a foreign currency within a fiscal year is measured by the difference between the:
What will be the difference between ending inventory valuation at December 31, 2009, and the cost of goods sold for 2009, under FIFO and LIFO cost-flow assumptions?
Computation of profit margin and total asset turnover and return on total assets for two consecutive years and Comment on such results
If the selling prices of finished products Y and Z remain constant, the percentage of the total joint costs allocated to product Y and product Z would
Evaluate ending inventory and cost of goods sold under each method, and then compare results.
Hugo was planting a tree when he unearthed 100,000 certificates of ITT bearer bonds, with a current value of $4 million.
Depreciation calculation under straight line and declining-balance methods - The machine is expected to last for 8 yrs, and its estimated salvage value at the end of its life is 24,000.
Computation of unrealised gain or loss in market value of trading securities and Prepare the required general journal entry for these transactions
In 2013, it is determined that the total estimated life should be 10 years with a salvage value of $5,490 at the end of that time. Assume straight-line depreciation.
Assuming Karen is single, what are the amount and character of the loss recognized on the sale of the Central Corporation stock?
Write an article
Analysts use the quick ratio (also known as the acid test ratio) and the current ratio. The use of both ratios has become common because
How could the foreign competitors profitably sell a similar product for less than manufacturing costs to Houston Electronic?
Discuss the major weakness of performance report. Describe clearly why all the variances for variable expenses are unfavourable (U).
How much income must Dave report for the tax year and what is the character of the income? What is Dave's basis in his partnership interest at the end of the tax year?
Evaluate her entry date into the plan and determine Harriet's vesting years as of 31 st December, 2000
Green Systems sold and delivered modems to the Blue Computers for $660,000 to be paid by Blue in 3 equal instalments over the next 3 months. The journal entry made by the Blue Computers to record the last of 3 instalment payments will include:
How many shares does Bob own in Brown Corporation assuming the same facts as in a., above, augmented by BZ's ownership of Brown shares?
Crown Industries has the following information about its standards and production activity for December-Assume the allocation base for fixed overhead costs is the number of units to be produced.
What is the Year 3 cash flow if Brisbane keeps using its current system? What is the Year 3 cash flow if Brisbane replaces its current system? supposing the discount rate of 8%, what is the net present value when Brisbane keeps using its current syst..
Tax cash flows represent taxable income in the year received, compute the NPV of the cash flows.
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!
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd