Reference no: EM132792700
Pluto Company purchases 8,000 shares of Sun Company, for P64 per share. Before acquisition, Sun Company has the following balance sheet:
Assets Liabilities and Equity
Cash and cash equivalents P 20, 000 Current Liabilities P 250,000
Inventory 280,000 Common stock, P5 par 50,000
Property and equivalent 400, 000 APIC 130,000
Goodwill 100,000 Retained earnings 370,000
- Total assets P 800,000 Total liabilities and equity P 800,000
- On the date of acquisition, Pluto believes that the inventory has a fair value of P 400,000 and that the property and equipment is worth P500,000. (ADAPTED GUERRERO, 2013)
Problem 1. What is the goodwill (gain on acquisition) to be reported on the consolidated statement of financial position?
a. P (30,000)
b. P 30, 000
c. P (24, 000)
d. P 24,000
|
Discuss culture from a conflict or symbolic interactionist
: What components of culture would a conflict OR symbolic interactionist be most interested in analyzing? What kind of questions might they ask about culture?
|
|
Give the entries necessary to record the withdrawal of c
: A, B and C are partners with capital balances, Brand new, the furniture and fixtures may cost P30,000. Give the entries necessary to record the withdrawal of C.
|
|
Describing effective persuasive communication
: You will write three paragraphs describing effective persuasive communication in personal, professional, and academic contexts.
|
|
Determine competitive equilibrium and the social equilibrium
: Explain what might happen if individual B volunteers to provide this good for all. Draw graphs and explain - Determine the tax share
|
|
What is the goodwill to be reported on the consolidated
: What is the goodwill (gain on acquisition) to be reported on consolidated statement of financial position? Pluto Company purchases 8,000 shares of Sun Company.
|
|
Facilitating successful change in organization
: Why is vision essential to facilitating successful change in an organization? What is the correlation between a leader's role/vision
|
|
Describe the impact of business ethics on the job business
: Locate three peer-reviewed articles on your topic and complete an annotated bibliography of the topic identifying the general and specific problem.
|
|
Problem american psychological association
: Why do you believe that the American Psychological Association is invested in the pathology of people who only engage in fetishism? Why invest time and energy i
|
|
Explain the processes of hiring and wage equity
: Discrimination in the workplace has been an ongoing battle between employees, candidates, and lawmakers historically. Chapter 8, pages 291-303.
|