Describe how the acquisition affects number

Assignment Help Accounting Basics

Reference no: EM13695253

The book value for Little Statistics total assets is $400,000. Suppose Number Crunching, Inc. acquires Little Statistics assets for $1 million and finances the purchases by selling $600,000 in new stock, $300,000 in new debt, and reducing cash by $100,000. Describe how the acquisition affects Number Crunching's balance sheet.

Reference no: EM13695253

Questions Cloud

Developing bio therapeutic drugs and research technologies : As part of a broad effort to invigorate its pipeline and move more aggressively into biotechnology, a major pharmaceutical company plans to set up a new division dedicated to developing bio therapeutic drugs and research technologies.

Operator of a nuclear power plant : Lumberjack Power, operator of a nuclear power plant, is planning to replace its current equipment with some that is more environmentally friendly. The old equipment has annual operating expenses of $6750 and can be kept for 8 more years. The equipmen..

Steps to forming a llc : Steps to forming a LLC

Central bank adopting the framework of inflation targeting : Discuss the key criteria for success and the advantages of a central bank adopting the framework of inflation targeting. Consider the features of a desirable monetary policy instrument. Is the size of the Federal Reserve staff good policy instrument?..

Describe how the acquisition affects number : Describe how the acquisition affects Number Crunching's balance sheet.

What is the median number of seconds for the light to switch : A traffic light is set to switch from red to green according to a uniform distribution with a mean of 45 seconds. The difference between the smallest and largest number of seconds it takes the light to switch is 8 seconds. what is the median number o..

Traditional view versus the view of ricardian equivalence : Compare the traditional view versus the view of Ricardian equivalence of the effects of a debt-financed tax cut on:

Assuming independence of riders : Thirty percent of employees at the Conroy Insurance Comapny travel to work on the bus and will arrive at work hours late whenever the bus system fails. a sudden snow storm has shut down all bus service in the city.

Explain to wendy the objectives of a system of internal : Explain to Wendy the objectives of a system of internal control.

User Account

All Pages