Reference no: EM131223003
On December 31, 20X8, Mercury Corporation acquired 100 percent ownership of Saturn Corporation. On that date, Saturn reported assets and liabilities with book values of $300,000 and $100,000, respectively, common stock outstanding of $50,000, and retained earnings of $150,000. The book values and fair values of Saturn's assets and liabilities were identical except for land which had increased in value by $10,000 and inventories which had decreased by $5,000.
1. Required information
Based on the preceding information, what amount of differential will appear in the consolidating entries required to prepare a consolidated balance sheet immediately after the business combination, if the acquisition price was $240,000?
$0
$40,000
$25,000
$5,000
2. Required information
Based on the preceding information, what amount of goodwill will be reported if the acquisition price was $240,000?
$0
$40,000
$15,000
$35,000
3. Required information
Based on the preceding information, what amount of goodwill will be reported if the acquisition price was $195,000?
$0
$40,000
$15,000
$35,000
|
Why do you think that christ became man
: Why do you think that Christ became man? How would you describe Christ's love for us? Why do you think that Christ's marriage to the church is important to couples?
|
|
What are the prospects for reversing this trend
: What are some explanations for the global deceleration of economic growth since the early 1970s, and what are the prospects for reversing this trend?
|
|
Different network operating systems
: What are the most important capabilities an organization should look for when selecting a network operating system and how many different network operating systems should be concurrently used?
|
|
Decided to operate the chain rather than sell the stock
: An exempt hospital receives all of the shares of stock of Compute, Inc., a retail computer chain, as a gift from a wealthy donor. Because the chain is very profitable and its CEO has offered to continue to manage it, the hospital has decided to opera..
|
|
What amount of goodwill will be reported acquisition price
: On December 31, 20X8, Mercury Corporation acquired 100 percent ownership of Saturn Corporation. On that date, Saturn reported assets and liabilities with book values of $300,000 and $100,000, respectively, common stock outstanding of $50,000, and ret..
|
|
Describe the leading causes of death and disease in the us
: Select one specific health problem that is prevalent in your state, and research the lifestyle, genetic, and environmental risk factors associated with it. Visit the Web site for your state's health department to learn about efforts to address thi..
|
|
Theories and concepts in organisational behaviour
: B01OGBH201 - Work based presentation Explain the different types of human behaviour in the workplace and the importance of an evidence based approach to management and organisational behaviour and explain how an evidence-based approach can be appli..
|
|
What is your feeling about responsibility the market system
: What is your feeling about the responsibility the market system bears for these problems in the United States?
|
|
Presents the perfect opportunity to apply loops
: Include a copy of the code that either (A) exemplifies concise, generalized code or (B) presents the perfect opportunity to apply loops, arrays, and lists to reduce the length of the program using a more elegant solution. Do not undertake a length..
|