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3. Acquisition Entry and Consolidation Working Paper On January 31, 2014, Phoenix, Inc. acquired all of the outstanding common stock of Spark Corporation for $400 million cash plus 25 million shares of Phoenix'' $10 par value common stock having a market value of $90 per share. Registration fees were $5 million and merger-related consultant and legal fees were $8 million, paid in cash. Immediately prior to the acquisition, the trial balances of the two companies were <br/> <br/> <br/> <br/>A review of the fair values of Spark''s assets indicates that current assets are overvalued by $10 million, plant and equipment is undervalued by $200 million, and previously unreported brand names and trademarks have a fair value of $300 million. <br/> <br/>Required <br/> <br/>a. Prepare the entry Phoenix makes to record the acquisition of Spark. <br/> <br/>b. Prepare a working paper to consolidate the balance sheets of Phoenix and Spark at January 31, 2014.
Write an equation that models how old in years each of you will be, when your ages add up to 150 years old. For example, if x = your age and the eldest person was a year older than you, you would write their age as x + 1. Then the equation would b..
prepare a schedule of cost of goodsarmstrong helmet company manufactures a unique model of bicycle helmet.nbsp the
X-Perience's accountants predict that purchasing the bindings from Livingston will enable the company to avoid $1,800 of fixed overhead. Purpose an analysis to show whether X-Perience should make or buy the bindings.
An accountant friend of your tell you that he "almost never" does any tax research because he believes that "research usually reveals that some tax planning idea has already been thought up and shot down".
The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accoun..
howell company has the following selected accounts after posting adjusting entriesaccounts payable 45000notes payable
Elsie, Elmer's wife, did not own any of the Virginiana Mutual Fund shares, but she did receive $175 in interest on a savings account at the Moss National Bank and $1,475 in interest on California Municipal Bonds. Elmer and Elsie filed a joint inco..
Compute Grant's accounts receivable turnover ratio for the year. The company does not believe it will have any bad debts.
Using the information in the table below, calculate the amount of the unfavorable rate variance.
Would the use of accelerated depreciation in the financial statements be more conservative or less conservative than the current practice of using the straight- line method? Explain."
View the companys financial statements. What information/ratios should you, as the loan officer, use - describe how the information in the two scenarios is interrelated
calculation of labor variances.the following direct materials and labor data pertain to the operations of solario
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