Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Pascal Corporation purchases 90% of the stock of Salzer Company for $2,070,000 on January 1, 2009. On this date, fair value of the assets and liabilities of Salzer Company was equal to their book value except for the inventory and equipment accounts. The inventory ha a fair value of $725,000 and a book value of $600,000. The equipment had a book value of $900,000 and a fair value of $1,075,000.
The balances in Salzer Company's capital stock and retained earnings accounts on the date of acquisition were $1,200,000 and $600,000 respectively.
In general journal form, prepare the entries on Salzer Company's books to record the effect of the pushed down values implied by the purchase of its stock by Pascal Company assuming the values are allocated on the basis of the fair value of Salzer Company as a whole imputed from the transaction.
ABC Inc. has just entered into the business of selling antique cars. The company management decided to lease the premises for the business instead of buying the office premises.
what is the difference between a joint venture and a strategic alliance quite a bit both financially and
Master Card has a series of cute commercials that list a series of accounting items and costs leading to the priceless product. Cell phones are often advertised as being free.
Prince Corporation purchased 960,000 shares of Smithtown Corporation's common stock (an 80% interest) for 21,200,000 on January 1, 2006. The 2,000,000 excess of investment cost over book value acquired was allocated to goodwill-Calculate the balan..
the peace company has the following functional traditional income statement for the priornbspmonth.sales50 100000
brown is a licensed cpa. during the first month of operations of her business a sole proprietorship the following
this part of the project focuses on forces outside the company that may affect the future financial performance of the
Operating expenses other than depreciation for the year were $400,000. Prepaid expenses increased by $17,000 and accrued expenses decreased by $30,000 during the year. Cash payments for operating expenses to be reported on the cash flow statement ..
if paid the total amount owing of 6858 to ato via my national australia bank visa card. a credit card fee of 45
It is estimated that variable manufacturing costs will be reduced from $26,000 to $23,500 annually if the new machine is purchased. The total net increase or decrease in cost for the new equipment for the entire five years is ??
After all bills for the party were paid, the total came to $2,315. Details are $575 for hotel room rental, $640 for food, $750 for entertainment, and $350 for decorations. 100 persons attended the party. What is the main reason for the unfavorable..
The equipment's fair market value is estimated at $180,000 by an outside appraisal. On the date of the exchange, the stock was being actively traded at $17 per share on a major stock exchange. Prepare the necessary journal entry to properly record..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd