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Question - Huang Inc has 50,000 shares of $3 par value stock outstanding. Ouyang Inc acquired 10,000 of Huang's shares on Jan 1, 20X1, for $100,000 when Huang's net assets had a total fair value of $400,000. On July 1, 20X1, Ouyang bought an additional 20,000 shares for $12 per share. Although Huang's shares were selling in the $11 range around July 1, 20X1. If Huang's identifiable net assets had fair value of $550,000 at July 1, 20X1, how much goodwill should Ouyang Report in the consolidated statement?
Summarize the preceding transactions as they affect the accounting equation. Identify each transaction with the date.
On each January 1st for the next five years (2013 - 2017). What is the present value of the six $8,000 receipts, assuming a 12% interest rate?
HC1010 Accounting For Business Group Assignment. Identifying and assessing the financial statement analysis by Understanding the financial ratios
Week 5 Individual Case Study Assignment 2 Budgets and variances Print Page For this assignment, you will provide possible explanations for the variances that you have calculated and suggestions as to how the company might try to improve its cost cont..
What is the purpose of Schedule C? Provide examples of whom would complete this schedule. Find some resources/videos online regarding completing the Schedule C. What types of taxpayers are entitled for a home office deduction? Also, what are some thi..
On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stock transactions.
What amount will Concord receive when it issues the bonds? Please explain your answer ASAP.
Which loss on sale of machinery in the ordinary course of business be presented in a statement of cash flows (using indirect approach for operating activity)
On May 1, 2014, Fisher Corp. acquired 4,000 shares (5%) of Wychek, Inc. stock for $25 per share. On October 18, 2014, Fisher Corp. received a dividend of $3 per share on the Wychek stock. The market value per share of Wychek's stock as of December 31..
Trust DNI is $5,000. This consists of $1,500 of tax exempt interest and $3,500 of taxable interest. The Trustee distributes $2,500 to the sole beneficiary. The beneficiary's distribution is deemed to consist of:
What's the present value of $7,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?
Rich Company uses a standard cost system- budgeted $800000 of fixed overhead when 50,000 machine hours were anticipated. Illustrate w hat is Rich's fixed overhead budget variance?
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