User Account

All Pages

Find and prepare the journal entry for the assets

Assignment Help Accounting Basics
Reference no: EM132744806

Watson Company purchased assets of Holmes Ltd. at auction for $1,280,000. An independent appraisal of the fair value of the assets acquired below

Land 226,500
building 377,500
Equipment 604000
Inventories 302,000

Problem 1: Prepare the journal entry for the assets

Reference no: EM132744806

Questions Cloud

How many years does take for the required amount : How many years does it take for the required amount? Present and future value tables of $1 at 3% you want to invest $21000 today
What is the required rate of return on the equity : The historical return on equity (ROE) of 12 per cent is expected to continue in the future. What is the required rate of return on the equity
How much carol deposit to accomplish goal : How much carol deposit to accomplish her goal. Present and future value tables of $1 at 3%, Carol wants to invest in a 6% cd account that compound semiannually.
Intense feelings that are directed at someone or something : Emotions are "intense feelings that are directed at someone or something" (Robbins & Judge 2017, p. 103) and moods are "feelings that tend to be less intense
Find and prepare the journal entry for the assets : Watson Company purchased assets of Holmes Ltd. at auction for $1,280,000. An independent appraisal of the fair value. Prepare the journal entry for the assets
Calculate the selling price : Calculate the selling price for 10% bonds with a par value of $5,186,000 and maturity date in 12 years' time, paying interest on January 1 and July 1 each year
Prepare the operating section of a statement of cash flows : When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income
The impact of workplace bullying : Provide a review of the article. Describe the impact of workplace bullying on both the victims and the organization.
What is the dollar equivalent of this contract : A quote for a futures contract for British pounds is 1.7033. The contract size for British pounds is 62,500. What is the dollar equivalent of this contract

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

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

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

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 and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd