What is the effect of safedata revenues and expenses

Assignment Help Accounting Basics
Reference no: EM132708625

Question -

Q1. How does the issuance of these shares affect the stockholders' equity accounts of Privacy First, the parent?

The par value of the 20,000 shares issued is recorded as an increase of $20,000 in the Common Stock account. The $74 fair value in excess of par value ($75 - $1) is an increase to additional paid-in capital of $1,480,000 ($74 × 20,000 shares).

Q2. What is the effect of SafeData's revenues and expenses on consolidated totals? Why?

Revenues and expenses of the subsidiary from the period prior to the combination are omitted from the consolidated totals. Only the operational figures for the subsidiary after the purchase are applicable to the business combination. The previous owners earned any previous profits.

Reference no: EM132708625

Questions Cloud

Find the break-even in sales dollars for a and b : Reno, Inc., produces two products, A and B. Find the break-even in sales dollars for A and B. Product B $300,000 and Product A $100,000
What perpetual income can jill : What perpetual income can Jill and her heirs receive per year if she retires now and puts the money into an investment earning 6% interest?
Forecast demand with inventory and subcontracting : Southeast Soda Pop, Inc., has a new fruit drink for which it has high hopes. John Mittenthal, the production planner, has assembled the following cost
What is the tcf associated with the purchase of the machine : What the RATFCF's associated with the purchase of this machine? What is the TCF associated with the purchase of this machine?
What is the effect of safedata revenues and expenses : What is the effect of SafeData's revenues and expenses on consolidated totals? Why? The previous owners earned any previous profits
Explain standard tools of expansionary monetary policy : Your job is to prescribe policy that would enable the economy to recover from the recession. Explain how you could use the standard tools of expansionary.
What is the cost of forgoing the discount on other invoices : The firm decides to take the prompt settlement discount on all invoices received. What is the cost of forgoing the discount on the other invoices
Prepare memo to patrick discussing the financial accounting : During the year, Elaine had the College's website completely redone. Prepare memo to Patrick discussing the financial accounting issues
What is the discounted value of payments : What is the discounted value of payments of $100.00 made at the end of each year for 5 years if interest is 12% compounded. Explain in detail

Reviews

Write a Review

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.

  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

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd