Reference no: EM132550590
On April 1, 2016, Paape Company paid $950,000 for all the issued and outstanding stock of Simon Corporation. The recorded assets and liabilities of the Simon Corporation on April 1, 2016, follow:
?Cash $ 80,000
Inventory 240,000
Property and equipment (net of accumulated depreciation of $320,000) 480,000
Liabilities (180,000)
?Question 1: On April 1, 2016, it was determined that the inventory of Simon had a fair value of $190,000, and the property and equipment (net) had a fair value of $560,000. The entry to distribute the excess of fair value over book value will include:
a. A debit to inventory of $50,000
b. ?A credit to the investment in Simon Corporation of $620,000
c. ?A debit to goodwill of $330,000
d. ?A credit to the investment in Simon Corporation of $330,000
|
Which artificially acquired active immunity
: Explain the mechanism by which Artificially acquired active immunity happen include everything you know about immoral immunity, flu shot, T-cell, B- cell,
|
|
What are the new equilibrium values of private saving
: What are the new equilibrium values of private saving, public saving, and national saving?
|
|
History of non-human and non-primate organism
: The assignment will be on the life history of a non-human, non-primate organism. Discuss the life history of any organism of your choice
|
|
What share price would you expect
: What share price would you expect after the announcement? (Assume Superwoman's risk is unchanged by the new expansion
|
|
Find entry to distribute the excess of fair value over book
: The property and equipment (net) had a fair value of $560,000. The entry to distribute the excess of fair value over book value will include
|
|
What is Dorales adjusted cash balance on April
: At April 30, Dorale Company has the following bank information: cash balance per bank RM2,500; What is Dorales adjusted cash balance on April
|
|
Anatomy and physiology
: Choose a disease or disorder of the human body that interests you. What causes the disease? Who is at risk for developing the disease?
|
|
Government moves to reduce a budget deficit
: Suppose a government moves to reduce a budget deficit. Using the long-run model of the economy developed in Chapter 3
|
|
How the windows 10 desktop should be hardened
: Please develop this guide for a Windows 10 desktop environment. The hardening checklist will take the form of a table or chart that lists how the Windows.
|