How should nancy corporation account for forfeited payment

Assignment Help Financial Management
Reference no: EM132365375

Question

Nancy Corporation agreed to sell its common stock to Eddie Corporation for five monthly payments of $100,000. Eddie Corporation made the first payment, but did not make any other payments. According to the stock subscription agreement, Eddie Corporation forfeits its payment and is entitled to no further consideration. How should Nancy Corporation account for the $100,000 forfeited payment?

Reference no: EM132365375

Questions Cloud

How culture of health care influence organizational outcomes : Discuss how organizational needs and the culture of health care influence organizational outcomes. Describe how these relate to health promotion.
Public health policy highlights needs-gaps in public health : Public health policy highlights needs and gaps in public health. Understanding policy development is a critical skill for epidemiologists.
Compare cultural competence and cultural sensitivity : Compare and contrast cultural competence and cultural sensitivity used in health care settings by professional staff. Provide one specific example.
How does theory determine or influence each recommendation : What is the Christian view of the nature of human persons, and which theory of moral status is it compatible with? How is this related to the intrinsic.
How should nancy corporation account for forfeited payment : According to the stock subscription agreement, Eddie Corporation forfeits its payment and is entitled to no further consideration.
Explain role as a bedside nurse in a rehabilitation hospital : 1 to 2 page double spaced essay to explain my current role as a bedside nurse in a rehabilitation hospital and why I am looking to further my education towards.
What amount of the refund if any should mary include : This year Mary received a $690 refund of state income taxes that she deducted on her tax return last year. Mary included a total of $4,150 of state.
What is the amount of sallys gross income from these items : Sally received $72,000 of compensation from her employer and she received $665 of interest from a corporate bond. What is the amount of Sallys gross income.
Develop innovative analytics and visualization of dataset : ITECH7406 Business Intelligence and Data Warehousing Assignment, Federation University, Australia. develop innovative analytics and visualization of dataset

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!

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