User Account

All Pages

What amount should be shown for balance sheet

Assignment Help Accounting Basics
Reference no: EM131826959

Question - Hanson Co. acquired all of the common stock of Roberts Inc. on January 1, 2010, transferring consideration in an amount slightly more than the fair value of Roberts' net assets. At that time, Roberts had buildings with a twenty-year useful life, a book value of $600,000, and a fair value of $696,000. On December 31, 2011, Roberts had buildings with a book value of $570,000 and a fair value of $648,000. On that date, Hanson had buildings with a book value of $1,878,000 and a fair value of $2,160,000.

Required: What amount should be shown for buildings on the consolidated balance sheet dated December 31, 2011?

Reference no: EM131826959

Questions Cloud

List the step in the detailed security risk analysis process : List the steps in the detailed security risk analysis process. Define asset, control, threat, risk, and vulnerability.
Strategic overview of the project : Provide a project plan including relevant output/reports and data capture using Microsoft Project, or other project tools
Who provide key information when determining each key assets : Who provides the key information when determining each of the key assets, their likelihood of compromise, and the consequence should any be compromised.
What is the simple equation for determining risk : Define consequence and likelihood. What is the simple equation for determining risk? Why is this equation not commonly used in practice?
What amount should be shown for balance sheet : Required: What amount should be shown for buildings on the consolidated balance sheet dated December 31, 2011
Explore reasonable values for the items in the risk register : Explore reasonable values for the items in the risk register for this asset and threat, and provide justifications for your choices.
Describe reasonable values for the items in risk register : Describe reasonable values for the items in the risk register for this asset and threat, and provide justifications for your choices.
Calculate the long-term debt total capitalization : Using the data provided in the accompanying financial statement, calculate the Long-term debt Total Capitalization and EBIT/Interest Expense
Suggest reasonable values for the items in the risk register : Suggest reasonable values for the items in the risk register for this asset and threat, and provide justifications for your choices.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

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

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

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 and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd