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Question - The founder of Alchemy Products Inc. discovered a way to turn gold into lead and patented this new technology. He then formed a corporation and invested $600,000 in setting up a production plant. He believes that he could sell his patent for $75 million.
Required -
a. What is the book value of the firm? (Enter your answer in dollars not in millions.)
b. What is the market value of the firm? (Enter your answer in dollars not in millions.)
c. If there are two million shares of stock in the new corporation, what would be the book value per share?
d. If there are two million shares of stock in the new corporation, what would be the price per share?
Prepare the entry by Manitoba to record receipt of the deposit during 2017. How would the deposit be reported in the financial statements at the end of 2017
Data on Gantry Company's direct labor costs are given below: Standard direct-labor hours 30,000. What was Gantry standard direct labor rate
Brewer Company acquired all of the outstanding common stock of Miller Inc. paying $12,000,000 cash. Make the journal entry to record the acquisition
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Compute the cost of goods sold for the year ended December 31, 2007, and the ending inventory under the following cost assumptions:
west county bank agrees to lend drake builders company 100000 on january 1.drake builders company signs a 100000 6
Determine the amount of retained earnings as of January 1, 2013.
the project proposal is the financial and operational consequences of a merger between two organisations. the project
P incurred incorporation costs of $10,000 to incorporate a new corporation, What is the maximum amount that can be deducted in computing income for current year
Unearned Revenue
A business development manager of a financial institution that was enthusiastically capturing Eastern European markets commented as follows.
After all bills for the party were paid, the total came to $2,315. Details are $575 for hotel room rental, $640 for food, $750 for entertainment, and $350 for decorations. 100 persons attended the party. What is the main reason for the unfavorable..
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