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!
Problem - On December 31, 20X9, Thessaly Corporation acquired all of Ionian Company's common shares, for $560,000 cash. On that date, Ionian's balance sheet appeared as follows:
Assets
Liabilities
Cash
$80,000
Current Payables
$50,000
Accounts Receivables
40,000
Notes Payable
70,000
Inventory
100,000
Stockholders' Equity
Land
120,000
Common Stock
150,000
Building and Equipment (net)
260,000
Additional Capital
200,000
Retained Earnings
130,000
Total
$600,000
The fair values of all of Ionian's assets and liabilities were equal to their book values except for the following:
Fair Value
$140,000
Buildings and Equipment
270,000
In recording this acquisition, push-down accounting was used.
Required:
1) Record the acquisition of Ionian's stock on Thessaly's books on December 31, 20X9.
2) Record any entries that would be made on December 31, 20X9, on Ionian's books related to the business combination.
3) Present all consolidating entries that would appear in the worksheet to prepare a consolidated balance sheet immediately after the combination.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd