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Question - Immediately following an acquisition, the Alpha Company's balance sheet included cash $50,000, investment in subsidiary $200,000, plant assets $475,000, and liabilities $150,000. The wholly owned subsidiary (Bravo-Zulu Company) had cash $55,000, plant assets $145,000, and liabilities $70,000. All balances are normal. There are no other assets or liabilities, and the given values for the subsidiary are also equal to their fair values. Use this information to determine the dollar value of Goodwill that will be recorded in Alpha Company's consolidated balance sheet?
at the beginning of the current fiscal year the balance sheet of cummings co. showed liabilities of 219000. during the
TCO3 Patrick Ross, the president of Ross's Wild Game Company, has asked for information about the cost behavior of manufacturing overhead costs. Specifically, he wants to know how much overhead cost is fixed and how much is variable.
The following accounts appear in an adjusted trial balance of Resolve Consulting. Indicate whether each account would be reported in the
mann inc. which owes doran co. 600000 in notes payable with accrued interest of 54000 is in financial difficulty. to
1. describe the elements of the generally accepted auditing standards gaas.2. describe how these standards apply to
beginning wip 75 for materials 45 for conversion transferred-in completed ending wip 60 for materials 20 for conversion
hanson company is constructing a building. construction began on february 1 and was completed on december 31.
What is the difference between pretax financial income and taxable income? Explain the meaning of temporary and permanent differences. Give at least two unique examples of each (please do not repeat what other students have posted)
barker inc. uses the weighted-average method in its process costing system. the following data concern the operations
ACC 400- Although ROI can be a good measure of company's performance, there can be some drawbacks to using this measure to base management's performance. What are some other criticisms of using ROI? Do you agree or disagree?
Youngblood Inc. plans to issue $500,000 face value bonds with a stated interest rate of 8%. They will mature in ten years. Interest will be paid semiannually. At the date of issuance, assume that the market rate is (a) 8%, (b) 6%, and (c) 10%.
at the beginning of its 2010 calendar-year accounting period abc inc. had retained earning of 1500000. during 2010 abc
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