User Account

All Pages

What total amount should the net assets acquired be record

Assignment Help Financial Accounting
Reference no: EM13144058

Diamond Industries purchased all of the net assets of Glass Company, by issuing 15,000 shares of its $10 par common stock in a purchase-type business combination. At the time, the stock was selling for $30 per share. All costs associated with consummating the combination totaled $65,000. Included in that amount were stock issue costs of $8,000, legal fees of $52,000, and secretarial costs of $3,000. At what total amount should the net assets acquired be recorded by Diamond?

Reference no: EM13144058

Questions Cloud

What is the net present value of the investment : Income taxes are not considered in this problem. What is the net present value of the investment assuming the required rate of return is 10 percent? Would the company want to purchase the new machine?
Match her capital deficiency : Prior to the final distribution of cash,Mary's capital balance was $200,000,Ann's capital balance was $150,000,and Tina had a capital deficiency of $50,000. Assuming Tina contributes cash to match her capital deficiency, Mary should receive?
When there are branches in either the acid or the alcohol : When there are branches in either the acid or the alcohol, how do you name the ester formed from the reaction of these two? For example,
Tax-transfer policy affect aggregate demand at current price : Suppose the government decides to increase taxes by $30 billion in order to increase SocialSecurity benefits by the same amount. How will this combined tax-transfer policy affect aggregatedemand at current prices?
What total amount should the net assets acquired be record : All costs associated with consummating the combination totaled $65,000. Included in that amount were stock issue costs of $8,000, legal fees of $52,000, and secretarial costs of $3,000. At what total amount should the net assets acquired be record..
What is the balance of nance capital at rhe end of the year : Any remaining net income or net loss is shared equally. What is the balance of Nance's capital at rhe end of the year after net income has been distributed ?
Define protonation of the ethanol : the alcohol attacking the 2-phenylacetic acid with the subsequent loss of a proton. b. protonation of the ethanol by H2SO4. c. protonation of the carbonyl oxygen of the 2-phenylacetic acid. d. protonation of the hydroxyl group of the 2-phenylac..
Incremental cost assocaited with producing : What is the incremental cost assocaited with producing an extra 50,000 jars of salsa? What is the incremental revenue associated with the price reduction of $.40 per jar? Should Santiago's lower the price ofits Salsa?
What is the molarity of hno3 : 25.0 mL of 1.50M LiOH are neutralized by 15.0mL of nitric acid. what is the molarity of HNO3?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What was consolidated cost of goods sold

Rand still owned 40% of the goods at the end of the year. Cost of goods sold was $10,800,000 for Webb and $6,400,000 for Rand. What was consolidated cost of goods sold?

  How much of these amounts is taxable

The corporation owns five percent of the stock of the company paying the dividends. Based on these facts, how much of these amounts is taxable?

  Calculate consolidated net income

Calculate consolidated net income and identify the amount attributable to shareholders

  Determine the balance in the finished goods inventory

By the end of November all jobs but RX-115 were completed, and all completed jobs had been delivered to customers with the exception of SL-205. Determine the balance in the Finished Goods Inventory on November 30.

  What action would san fernando take on its export pricing

What action could San Fernando take on its export pricing? What probable U.S. government action may result from your decision in 1?

  Evaluate effective annual yield

What is the current yield on the bonds?

  Amount of discountor premiumt

Using the straight- line method. the amount of discountor premiumt o be amortized every intrest period would be''

  Evaluate whether the system of internal accounting control

To evaluate whether the system of internal accounting control operated efficiently to minimize errors of failure to invoice a shipment, the auditor could select a sample of transactions from the population shown by the

  Depreciate assets

Are non-profit and governments required to depreciate assets

  What is dollar amount of purchase of suits

Beginning inventory for September is expected to be 4,000 suits. What is dollar amount of the purchase of suits? Each suit has a cost of $75.

  Create appropriate journal entries to remove equipment

Georgia Company purchased equipment in 2001 for $90,000 and estimated a $6,000 salvage value at the end of the equipment's 10-year useful life. Create the appropriate journal entries to remove the equipment from the books of Georgia Company on Ma..

  Determine the cash coverage ratio

Determine the cash coverage ratio for the Highway Corporation Evaluate the EBIT for the Highway Corporation?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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