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Chapel Hill Company had common stock of $350,000 and retained earnings of $490,000. Blue Town Inc. had common stock of $700,000 and retained earnings of $980,000. On January 1, 2011, Blue Town issued 34,000 shares of common stock with a $12 par value and a $35 fair value for all of Chapel Hill Company's outstanding common stock. This combination was accounted for as an acquisition. Immediately after the combination, what was the consolidated net asset?
A. $2,520,000.
B. $1,190,000.
C. $1,680,000.
D. $2,870,000.
E. $2,030,000.
Linda, who has AGI of 120,000 in 2013, contributes stock in Mauve Corporation (a publicly traded corporation) to the Salvation Army, a qualified charitable organization. The stock is worth $65,000, and Linda acquired it as an investment four years ag..
Evaluate the accounting principles (GAAP) the foreign and domestic companies use to prepare financial statements and List 5 format differences in companies' income statements.
In light of the above, list and briefly discuss four benefits of international standardisation of accounting standards.
At the end of 15 years the salon will have a salvage value of $75,100. Compute the annual rate of return on the project.
the employees cumulative earning for the year prior to this week equal $6,200. the employee's cumulative earnings for the year prior to this week equal $98,700.
The following represents a project with known activity times. All times are in weeks. Using the data in the table above, what is the minimum possible time required for completing the project?
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Determine the balance in the investment account after the shares had been sold What was the reported balance of Wells Investment in Wilson Co. at December 31, 2011?
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questiona after initial recognition for an entire class of property plant and equipment an entity is required to choose
What is the importance of the job ticket and illustrate the flow of this document and its information from inception to impact on the financial statements
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