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Edwards Inc. entered into negotiations to purchase Freidman Inc. Freidman originally asked Edwards to pay $1,600,000, but eventually both parties agreed to a price of $1,500,000 and for Edwards to assume $500,000 of Freidman's liabilities. The assets of Freidman were appraised for $1,400,000
a) Why would Edwards be willing to pay $1,500,000 and assume $500,000 of Freidman's debts when the assets were only worth $1,400,000?
b) Prepare Edward's entry to record the purchase of Freidman.
what are the main objectives of ratio analysis and why is this important to external users of the financial statements
Teton Corporation issued $600,000 of 7% bonds on November 1, 2014, for $644,636. The bonds were dated November 1, 2014, and mature in 10 years, with interest payable each May 1 and November 1. Teton uses the effective-interest method with an effec..
Indicate whether each of the following types of transactions will either (a) increase owner's equity or (b) decrease owner's equity:1. Expenses2. Revenues3. Owner's investments4. Owner's withdrawals
rambles toyland makes a product that sells for 70 per unit and has 45 per unit in variable costs. annual fixed costs
Victory Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process.
You are the manager of an accounting department and would like to hire another managerial accountant to focus on internal accounting. The CEO is not convinced that a managing accountant position is needed. Prepare a 1-2 page memo for the CEO on the f..
on january 1 2011 bradley recreational products issued 100000 9 four-year bonds. interest is paid semiannually on june
On January 3, 2011, Jenkins Corp. acquired 40% of the outstanding common stock of Bolivar Co for $1,200,000. This acquisition gave Jenkins the ability to exercise significant influence over the investee.
How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?
Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November
x company is considering buying a part next year that they currently make. this years total production costs for 11400
Understanding real world annual reports.
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