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The Edge Mfg. Company decided to expand further by purchasing the Bell Company. The balance sheet of Bell Company as of December 31, 2012 was as follows:
Total Assets 1,862,500 Total Equities$1,962,500
An appraisal indicated thatthe fair market value of the inventory was $375,000 and that the fair market value of the plant assets was$1,225,000. The agreed purchase price was $2,350,000, and this amount was paid in cash kto the previous owners of the Bell Company.prepare the entry for the Edge Company to record the purchase.
Examine at least four accounting regulatory bodies. Discuss how an organization complies with the standards of the regulatory bodies you selected.
Companies may report cash flows from extraordinary transactions and other events either as investing or financing activities.
Based on the data presented above, what is the number of times bond interest charges were earned (round to two decimal places)?
Determine the difference between absorption and variable costing witout preparing an incom statement.
Sale of Property Received as a Gift. During the current year, Stan sells a tract of land for $800,000. The property was received as a gift from Maxine on March 10, 1995, when the property had a $310,000 FMV.
What is the translation adjustment to be recognized in the current year?
Would a regular quarterly announcement of earnings-per-share which is "good" be an example of signaling? What about early adoption of a new accounting standard that would reduce income?
Discuss the type of company's and also explain the different classes of share capital? How they are shown in balance sheet?
On December 31, 2009, Rudd Company purchased 80 percent of the common stock of Wilton Company. At the time, Rudd held land with a book value of $100,000 and a fair value of $260,000; Wilton held land with a book value of $50,000 and fair value of ..
In 2011, P Company sells land to its 80% owned subsidiary, S Company, at a gain of $50,000. What is the effect of this sale of land on consolidated net income assuming S Company still owns the land at the end of the year?
Determine the (a) price variance, (b) quantity variance, and (c) cost variance - Diamond Company produces a chair that requires 5 yds. of material per unit.
What is the value of the companies Fixed Asset. What is the working capital
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