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On January 1, 2011, John Doe Enterprises (JDE) acquired a 55% interest in bubba Manufacturing Inc. (BMI). JDE paid for the transaction with $3 million cash and 500,000 shares of JDE common stock (par value $1.00 per share). At the time of the acquisition, BMI's book value was $16,970,000. On January 1 JDE stock had a market value of $14.90 per share and there was no control premium in this transaction. Any consideration transferred over book value is assigned to goodwill. BMI had the following balances on January 1, 2011
Land. Book value 1700000 FMV: ................2550000Buildings 7 remaining life Book value: 2700000 FMV ........3400000Equipment 5 year remaining life Book value 3700000 FMV .....3300000
For internal reporting purposes, JDE employed the equity method to account for this investment.Prepare a schedule to determine goodwill, and the amortization and allocation amounts.
A truck costs $16,000 with a residual value of $1,000. It has an estimated useful life of 5 years. If the truck was bought on July 3, what would be the book value at end of year 1?
caldwell company produces three varieties of iron ore xy amp z from joint processing of raw mineral iron. the amount of
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Determine the effective annualized cost of forgoing the trade credit discount on the following terms:
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Selecting a for-profit organization of interest, you will research an unusual or conflicting accounting priniciple that has impacted your chosen organization. The research requires you to present review and analyze the organizations published acco..
We can determine the target WACC for Apix Printing Inc., given these assumptions," she says as she hands you a piece of paper that says the following:
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Capital balances as of the end of the current year:
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What is the primary difference between modified accrual basis accounting and standard accrual basis accounting? Why is modified accrual basis accounting appropriate for government agencies?
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