User Account

All Pages

Prepare the journal entry to record acquisition by bullseye

Assignment Help Financial Accounting
Reference no: EM13851547

Problem-

On Apnl 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company. paying 514,000,000 The book values and fair values of Vista's assets and liabhties acquired are shoat, below in dollar amounts

Accounts

Book Value

Falr Value

Accounts Receivables

51.900.000

51.725.000

Inventones

$2.800.000

£4.000.000

Accounts Payable

$2.000.000

52.000000

Property, Plant and Egiement

14000.000

512.625.000

Bonds Payable

54.600.000

54.225.000

1 Using Excel. prepare the journal entry to record the acquisition by Bullseye Company

2 Submit your solution in same Excel file as for Problem 1.

Reference no: EM13851547

Questions Cloud

How do atoms obtain positive charges : How do atoms obtain positive charges. How do atoms obtain negative charges. Imagine that you are able to see the atoms that make up KHC8 H4O4, known as potassium hydrogen phthalate.
To whom are health care providers required to report : In what circumstances are health care providers required to report otherwise-protected health information? To whom are health care providers required to report? Do you think heath care records should be kept confidential and never reported? Why
Prepare the journal entry to record the change in fair value : In 2015, the earnings did not meet the earnout target and the estimated fair value of the contingent consideration was zero. Prepare the journal entry to record the change in the fair value of the contingent consideration.
Compare mill construction and heavy timber construction : Compare the advantages and disadvantages that heavy timber construction has in withstanding loads and stresses in comparison to ordinary construction types. Compare and discuss the differences between mill construction and heavy timber construction..
Prepare the journal entry to record acquisition by bullseye : Using Excel. Prepare the journal entry to record the acquisition by Bullseye Company. Submit your solution in same Excel file as for Problem 1.
Andrew clark is a mixed-crop producer : Andrew Clark is a mixed-crop producer who has recently diversified into berryproduction. He currently grows berries under contract for a local processor whosells frozen berries. The yield from his small operation is 5000 kilograms per year,and he net..
Determine the magnitude and direction of the magnetic field : Determine the magnitude and direction of the magnetic field at a point midway between the wires - determine the magnitude and direction of the magnetic field at point P, located d = 10.0 cm above wire 1.
Factor that influence productivity and therefore growth : Factor that influence productivity and therefore growth are: A) physical and human capital per worker and technological advances. B) government independence
A firm''s short run inverse demand function : a) A firm's short run inverse demand function is given by p=150-2q. The short run cost function is C=1500+50q. The fixed cost of 1500 is rent on a building and is unavoidable in the short run. What is the short run profit-maximizing quantity and pric..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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