Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
P Corporation paid $2,000,000 for all 200,000 shares outstanding of S Corporation. The transaction is recorded as a merger. The balance sheet of S corporation on the date of acquisition was:
Cash $ 200,000
Building $1,500,000
Market Value $1,600,000
Common Stock $1,700,000
Out of pocket expenses for the merger were:
Legal expense relating to the merger $10,000
What journal entry would P Corporation make to record the merger of S Corporation?
Soper Corporation issued 100,000 shares of its $1 par value (current fair value $10) common stock for all 200,000 shares outstanding of Megan Corporation. The transaction is recorded as an acquisition kept as a separate subsidiary. Out of pocket expenses for the merger were: Legal expense relating to the merger $10,000 Sec Fee to issue stock 5,000 Finder's fee 6,000Printer's fee for stock certificates 1,000 What journal entry would Soper Corporation make to record the purchase of Megan Corporation? Show in journal and T Account format.
martinez companys relevant range of production is 7500 units to 12500 units. when it produces and sells 10000 units its
larry the locksmith needed some long-term financing and arranged for a 200000 20-year mortgage loan on december 31
Prepare the necessary journal entry to close the overhead account if the balance is considered immaterial. Prepare the necessary journal entry to close the overhead account if the balance is considered material.
Hull Inc. is considering the acquisition of equipment that costs $200,000 and has a useful life of 6 years with no salvage value. The incremental net cash flows that would be generated by the equipment are:payback period of this investment
Assume Research In Motion invested $834 million to expand its manufacturing capacity. Assume that these assets have a seven-year life, and that Research In Motion requires a 12% internal rate of return on these assets.
choose a public company in the food industry. analyze the financial statements and assess whether the financial
Establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:
assume that you are a manager and you have three potential capital investment projects to choose from. funds are
Generally Accepted Accounting Principles (GAAP) is based on accrual accounting. Define and describe accrual accounting and provide examples
use the information in exercise 2-4 to prepare an august 31 trial balance for pose-for-pics. open these t-accounts cash
Describe the accounting rules and regulations you would introduce to ensure that these types of accounting irregularities do not occur in the future.
wrights construction builds custom houses for individual buyers. on june 1 it had one job started with a beginning
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd