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Question - On January 1, 2019, Spider paid $10,000 in cash and issued 300 shares of its $10 par value common stock to the owners of Kendall Company to acquire all of Kendall's common stock. On that date, Spider's shares had a fair value of $40 per share. Spider also agreed to pay an additional amount of cash to Kendall's shareholders on January 1, 2020 if Spider's net income for 2019 exceeds $10,000. The probability-adjusted present value of that payment is $3,430. Finally, Spider paid $2,500 in brokerage fees and $3,500 in legal fees related to this acquisition. Compute the cost at which Spider should record this investment.
Prepare single, continuous multiple-step statement of comprehensive income for 2021. The company's effective tax rate on all items affecting comprehensive
Shale owned a truck with cost of 10,000, accumulated depreciation of $8,000. What is the loss or gain on disposal of the old truck to be reported
1. carter companys selling price of 595 for its product a is 26 higher than its current cost. what is the
Calculate the amount Yard Art Landscaping would record as a leased asset and a lease liability.
Use the financial statement information for paying the debt. How Ed did started the business (you can write anything you wish) Short biography on Ed - what are his coalification to have this business, His intentions in 5 years for the business.
The Windshield division of Cargo Co. makes windshields for use in Cargo's Assembly division. The Windshield division incurs variable costs of $350.
consider a supplier of agricultural equipment who is deciding how much of two products should be produced by his firm.
Sky Company is unable to reconcile the bank balance at January 31. Sky's reconciliation is as follows. Journalize the entries required by the reconciliation
What is the future value of $1000 placed in a savings account pays 10%, compounded quarterly? Your answer should be correct to two decimal places.
For September 9th Record the journal entry to establish the Petty Cash fund. For September 30th Record the reimbursement of the Petty Cash Fund.
Using the two balance sheets provided, prepare a horizontal and vertical analysis for the period ending June 30, 2017
belgian chocolate company makes dark chocolate and light chocolate. both products require cocoa and sugar. the
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