User Account

All Pages

How should angie corporation recognize this transaction

Assignment Help Financial Management
Reference no: EM132367976

Question

On January 1, year 1, Angie Corporation issued 500,000 shares of its stock valued at $5 per share to acquire Nellie Corporation. The purchase agreement states that Angie Corporation will pay $300,000 in year 2 if Nellie Corporation has at least $450,000 of net income in year 2. There is a 50% chance that Nellie Corporation will meet or exceed $450,000 of net income in year 2. How should Angie Corporation recognize this transaction?

Reference no: EM132367976

Questions Cloud

Record any accounting adjustments required for items : Record any accounting adjustments required for items i. through v., in the financial statement effects template, that follows.
Requirement for continuous improvement of teachers : Keeping current in the reading of educational literature is a requirement for continuous improvement of teachers.
Provide a critical analysis of the challenges with realising : critically analyses the challenges with realizing aspirations of the common good in your professional community, locally and especially globally.
Define collaborative documentation standards : After reviewing the collaborative documentation PowerPoint, identify the essential elements needed to document a service the same day it occurred.
How should angie corporation recognize this transaction : On January 1, year 1, Angie Corporation issued 500,000 shares of its stock valued at $5 per share to acquire Nellie Corporation.
What are globalization effects on wages and inequality : What are globalization's effects on wages and inequality, on social safety nets, on production, and on innovation? How does globalization affect democracy?
What aspects of the report identify it as formal or informal : Why do reports often use a more formal style than other business documents. What aspects of the report identify it as formal or informal?
What is eugenes taxable income : Eugene and Velma are married. For 2018, Eugene earned $25,000 and Velma earned $30,000. They have decided to file separate returns.
How accounts receivable and allowance for doubtful accounts : After accounts are adjusted at the end of the fiscal year. How Accounts Receivable and Allowance for Doubtful Accounts are reported on the balance sheet.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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