Solution-Determine the equity total on the consolidated

Determine the equity total on the consolidated balance sheet

Assignment Help Accounting Basics

Reference no: EM132652638

Question - Beni Corp. acquired 100% of Carr Corp's outstanding voting interests for $430,000 cash. Immediately before the acquisition, the balance sheets of the corporations reported the following:

	Beni	Carr
Assets	$2,000,000	$750,000
Liabilities	645,000	255,000
Common Stock	1,105,000	455,000
Retained earnings	250,000	40,000
Total liabilities & equity	$2,000,000	$750,000

At the acquisition date, the fair value of Carr's net assets was $26,000 more than their carrying amount. There was no bargain purchase gain recorded on the acquisition date. In the consolidated balance sheet prepared immediately after the acquisition, determine the equity total on the consolidated balance sheet?

Reference no: EM132652638

Questions Cloud

Key components of human resource management : Discuss the key components of human resource management. What are some tools they can use to select the best-talent

What amount should MAJ recognize : What amount should MAJ recognize on the consolidated financial statements as goodwill as of the date of the acquisition

What amount must reflect a bargain purchase gain : The consolidated financial statements of Acquirer Corporation and its wholly owned subsidiary at the date of acquisition must reflect a bargain purchase gain

Create portfolio related to Ecommerce Organization : Students are required to create a portfolio related to an Ecommerce Organization. You can select any type of Ecommerce based Organization.

Determine the equity total on the consolidated balance sheet : In the consolidated balance sheet prepared immediately after the acquisition, determine the equity total on the consolidated balance sheet

Nine-step process in con-ducting neural network project : List and briefly describe the nine-step process in con-ducting a neural network project.

Another application server and several workstations : Always Fresh is expanding. The company is adding another application server and several workstations.

Algorithms of association analysis in data mining : Discuss the basic concepts and algorithms of Association Analysis in Data Mining.

Interview process for career services : Pretend that you are going to build a new system that automates or improves the interview process for the Career Services Department of your school.

User Account

All Pages

Determine the equity total on the consolidated balance sheet

Reference no: EM132652638

Reference no: EM132652638

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT