User Account

All Pages

Hepner corporation has the subsequent stockholders equity

Assignment Help Financial Accounting
Reference no: EM13350936

Hepner Corporation has the subsequent stockholders' equity accounts:

Preferred stock (7% cumulative dividend) $580,000

Common stock 830,000

Additional paid-in capital 380,000

Retained earnings 1,030,000

--------------------------------------------------------------------------------

The preferred stock is participating. Wasatch Corporation buys 70 percent of this common stock for $1,680,000 and 60 percent of the preferred stock for $660,000. The acquisition-date fair value of the no controlling interest in the common shares was $720,000 and was $440,000 for the preferred shares. All of the subsidiary's liabilities and assets are viewed as having fair values equal to their book values.

What amount is attributed to goodwill on the date of acquisition?

Reference no: EM13350936

Questions Cloud

Given the : given the subsequent
Cypress oil companys 31st december 2013 balance sheet : cypress oil companys 31st december 2013 balance sheet listed 645000 of notes receivable and 16000 of interest
On 30th june 2001 cole inc exchanged 3000 shares of stone : on 30th june 2001 cole inc. exchanged 3000 shares of stone corp. 30 par value common stock for a patent owned by gore
Q porter corporation owns all 26000 shares of the common : q. porter corporation owns all 26000 shares of the common stock of street inc. porter has 60000 shares of its own
Hepner corporation has the subsequent stockholders equity : hepner corporation has the subsequent stockholders equity accountspreferred stock 7 cumulative dividend 580000common
Top managers of mcdonough products inc have asked for your : top managers of mcdonough products inc. have asked for your help in comparing the companys profit performance and
Following is a partial trial balance for plano company : following is a partial trial balance for plano company. plano had 50000 shares of stock outstanding during the year.
Given the subsequent data compute diluted earnings per : given the subsequent data compute diluted earnings per share.diluted earnings per share adjusted earnings after taxes
The foreign currency is the functional currency for a : the foreign currency is the functional currency for a foreign subsidiary. at what exchange rate should each of the

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare an amortization schedule

Prepare an amortization schedule for the Note Receivable using the subsequent columns

  Determine the current ratio for 2006

Determine the current ratio for 2006, Calculate the quick ratio for 2006 and Calculate receivable turnover for 2006.

  Determine transactions occur during the month of july

At the beginning of July, CD City has a balance in inventory of $2,925. The following transactions occur during the month of July. July 3 Purchase CDs on account from Wholesale Music for $1,860, terms 3/10, n/30. July 4 Pay freight charges related t..

  Find the variable cost per unit

Kari's Kookies has total costs of $5,000 when 2,000 units are produced and $11,000 when 5,000 units are produced.  Find the variable cost per unit?

  How should declared but unpaid dividends be recorded

How should declared but unpaid dividends be recorded? The problem states that the company has a yearend date of Dec 31st. and that there are 15000 of declared dividends. Should this affect my common stock or retained earnings?

  Analyze your personal expenses on a variable and fixed basis

Analyze your personal expenses on a variable and fixed basis. What are some of your personal fixed costs and variable costs? What would cause them to change?

  Responsibility accounting performance report

Responsibility Accounting Performance report for various departments in firm and The office department's annual budget and its actual costs

  Question state whether there is any violation of the aicpa

question state whether there is any violation of the aicpa code of professional conduct and the nature of the

  Preparation of multi-step income statement

Preparation of Multi-step Income statement - Using the information provided, prepare a multi-step income statement for the year ended December 31, 2009 in proper format including earnings per share disclosure.

  Illustrate how you suggest ways of improving this process

Workers go to a box that contains individual customer order sheets. They take the bottom order (the oldest) and go into the warehouse with a handcart and a box . They then fill the order and carry the parts to a packing station. Illustrate how you..

  Should bay side sell the plant

Should bay side sell the plant or comply with the new federal regulations? To simplify calculations, assume that any additional improvements are paid for on December 31, 2012.

  Illustrate what is leo lion corporation predetermined

Leo Lion Corporation allocates manufacturing overhead based on machine hours. Illustrate what is Leo Lion Corporation's predetermined manufacturing overhead cost (round to the nearest penny)?

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd