Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - On January 1, 2009, NOWAN Company exchanges 15,000 shares of its ordinary shares for all of the assets and liabilities of ELSE Inc. Each of NOWAN's shares has a P4 par value and a P50 fair value. The fair value of the stock exchanged in the acquisition was considered equal to ELSE's fair value. NOWAN also paid P25,000 in stock registration and issuance costs in connection with the merger.
Several ELSE's accounts have fair values that differ from their book values on this date:
Book Values
Fair Values
Receivables
P65,000
P63,000
Trademarks
95,000
225,000
Record music catalog
60,000
180,000
In process research & development
0
200,000
Notes payable
50,000
45,000
Pre-combination January1, 2009, book values for the two companies are as follows:
NOWAN
ELSE
Cash
P60,000
P29,000
150,000
65,000
400,000
840,000
Equipment (net)
320,000
105,000
Totals
P1,770,000
P354,000
Accounts payable
P110,000
P34,000
370,000
Ordinary shares
Share premium
30,000
Retained earnings
860,000
190,000
Assume that this combination is a statutory merger so that ELSE's accounts will be transferred to the records of NOWAN. ELSE will be dissolved and will no longer exist as a legal entity. Immediately the business combination using the acquisition method, determine:
-The total assets
-The total liabilities
-The ordinary shares
-The share premium
-The retained earnings
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd