Illustrate what amount of the acquired earnings and profits

Assignment Help Business Management

Reference no: EM13100967

Q. Shipyard Corp. acquired Boat works Corp. in a Type A reorganization on October 19, 2011. On the date of acquisition, Boat works had a deficit in its earnings and profits of $30,000. Although Shipyard had no accumulated earnings and profits, its current earnings and profits from its calendar-year 2011 operations totalled $40,000. Illustrate what amount of the acquired earnings and profits deficit of $30,000 can be used to offset Shipyard's current earnings and profits for 2011?

Reference no: EM13100967

Questions Cloud

Random variables to measure level of interest : A company is conducting a survey of 235 people to measure the level of interest in a new product. Assume that the probability of a randomly selected person's being "very interested" is 0.88

Random sample of ten employees of a company : Annual family dental expenses for the families of a random sample of ten employees of a company are given below. You can assume the family dental expenses for the employees of the company are normally distributed.

Draw a energy-transfer diagram for this situation : An engine has an efficiency e1. The engine takes input heat QH from a hot reservoir and delivers work W1. The heat rejected by this engine is used as input heat for a second engine.

Describe the importance of teamwork in an organization : What is the importance of teamwork in an organization? In your paper explain how would hire, manage, compensate and motivate teams working under your leadership.

Illustrate what amount of the acquired earnings and profits : Illustrate what amount of the acquired earnings and profits deficit of $30,000 can be used to offset Shipyard's current earnings and profits for 2011?

How mechatronics and robotics improve science-technology : How will you include your research in mechatronics and robotics to improve science, technology, engineering, and mathematics education for pre-college level students?

What is magnitude and direction of electric field on x axis : Two equal positive charges of magnitude q1 = q2 = 6 nC are on the y axis at y1 = +3 cm and y2 = -3 cm. (a) What is the magnitude and direction of the electric field on the x axis at x = 6 cm? b) What is the force exerted on a third charge q0 = 4 n..

Computing probabilities for ground coffee : In a recent year, about two-thirds of U.S. households purchased ground coffee. Consider the annual ground coffee expenditures for households purchasing ground coffee

Illustrate what is your impression of bernstein perspective : Illustrate what is your impression of Bernstein's perspective on raising capital to "get to the next level"?

User Account

All Pages