Reference no: EM131660923
Question - Peep Inc. acquired 100% of the outstanding common stock of Shy Inc. for $2,500,000 cash and 15,000 shares of its common stock ($2 par value). The stock's market value was $40 on the acquisition date.
Required: Prepare the journal entry to record the acquisition.
In addition, Peep Inc. incurred the following direct costs:
Accounting fees for the purchase $15,000 Legal fees for registering the common stock 30,000 Other legal fees for the acquisition 45,000 Travel expenses to meet with Shy managers 5,000 SEC filing fees 2,000 $97,000
Before the acquisition consummation date, $90,000 of the direct costs was charged to a deferred charges account pending the completion of the acquisition. The remaining $7,000 has not been accrued or paid. Required: Prepare the journal entry to record both the acquisition and the direct costs.
|
Analysis of bleach involves two sequential redox reactions
: Bleach contains the active ingredient NaClO. Analysis of bleach involves two sequential redox reactions: First, bleach is reacted in acidic solution.
|
|
What is the total billing rate
: In addition, the overhead cost allocation must reflect the fact that Scott and Burt are paid at different hourly rates. What is the total billing rate
|
|
What are the profits for the optimal production combination
: What are the profits for the optimal production combination?
|
|
What responsibilities and liabilities does the hospital have
: What responsibilities and liabilities does the hospital have. Dr. Simon. Any other healthcare professionals involved?What options did the facility have in terms
|
|
Prepare the journal entry to record the acquisition
: Peep Inc. acquired 100% of the outstanding common stock of Shy Inc. for $2,500,000 cash, Prepare the journal entry to record the acquisition
|
|
Effectively use those sources as evidence to support
: Research sources appropriate to your topic, and effectively use those sources as evidence to support and prove your thesis.
|
|
What is the sds for regular bleach
: What is the SDS for regular bleach? Physical state, route of exposure and symptoms, required protective equipment, first aid procedures, fire-fighting measures.
|
|
Conduct an online search for job descriptions
: Conduct an online search for job descriptions associated with your chosen career and think about what tasks are accomplished in a typical day or week.
|
|
Solve problem of br richardson timber products corporation
: Identify the presenting issue/s at B.R. Richardson Timber Products Corporation in relation to organisational development and change, and analyse the impact.
|