On january 1 2009 elva corp paid 750000 for 80 of fenton co

Assignment Help Accounting Basics

Reference no: EM13484443

On January 1, 2009, Elva Corp. paid $750,000 for 80% of Fenton Co. when the book value of Fenton's net assets was $800,000. Fenton owned a building with a fair value of $150,000 and a book value of $120,000.

Required: At what amount would the building appear on a consolidated balance sheet prepared immediately after the combination, assuming Elva used the acquisition method? Show all of your work.

Reference no: EM13484443

Questions Cloud

Jones corporation is considering a sales campaign in which : jones corporation is considering a sales campaign in which it will offer credit terms of 315 net80. the finance manager

Stevens company presents the following information the : stevens company presents the following informationcurrent annual credit sales24000000collection period3

Homer boats has accounts payable days of 20 inventory days : homer boats has accounts payable days of 20 inventory days of 50 and accounts receivable days of 30. what is its

Its manufacturing cost approximates 35 percent of selling : average investment in accounts receivable. levine corporation has accounts receivable of 400000. its manufacturing cost

On january 1 2009 elva corp paid 750000 for 80 of fenton co : on january 1 2009 elva corp. paid 750000 for 80 of fenton co. when the book value of fentons net assets was 800000.

Wathan inc sold 180000 in inventory to miller co during : wathan inc. sold 180000 in inventory to miller co. during 2008 for 270000. miller resold 108000 of this merchandise in

Happy valley homecare suppliers inc hvhs had 20 million in : happy valley homecare suppliers inc. hvhs had 20 million in sales in 2010. its cost of goods sold was 8 million and

A company has inventory of 11 units at a cost of 10 each on : 1.a company had inventory on november 1 of 4 units at a cost of 16 each. on november 2 they purchased 7 units at 27

A tax rate of 34 percent it paid dividends of 1025000 to : goodwin corp. has revenues of 12112659 costs of 9080545 interest payments of 412375 and a tax rate of 34 percent. it

Reviews

Write a Review

Required(*) Message

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

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

User Account

All Pages