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Question - On December 31, 20X1, Par Inc reported total assets of $572,395, while Sub Corp reported total assets of $114,471. The fair values of Sub's assets and liabilities on the same date were $142,709 and $32,817 respectively. On the morning of January 1, 20X2, Par agreed to acquire 100% of Sub for a total value of 78.57% of Sub for a total value of $190,790 by paying cash. On the consolidated balance sheet immediately after the acquisition, what should be the total assets reported by the combined entity under the identifiable-net-assets (INA) method?
Zagat Inc. enters into an agreement on March 1, 2014, to sell Werner Metal Company aluminum ingots in 2 months. Prepare the journal entry necessary on March
Prepare journal entries to record the three dividend "events" that took place during 2008. If the company's common stock was valued at $135 per share when the stock dividend was declared, what would the stock price be just after the dividend shares..
alex loans nomar 200000 at a rate of 4 nominal interest convertible quarterly. they agree that nomar will repay the
Assume that no correcting entries were made at December 31, 2010. Ignoring income taxes, by how much will retained earnings at December
Land appraised at $80,000 is purchased by issuing 1,000 shares of $20 par value common stock.
An Australian importer has received goods, How much Australian dollar the importer will make a loss in percentage (%) due to appreciation of INR after one year?
Use the gross profit method to estimate the cost of the inventory destroyed in the fire.
differences in operating income between variable costing and absorption costing are due solely to accounting for costs.
cortino company is planning to add a new product to its line. to manufacture this product the company needs to buy a
Decrease in trade accounts payable P30,000. Find the estimated cash disbursements for inventories in January, 1983
Compute the (a) inventory turnover, defined as cost of goods sold divided by average inventory, and (b) days' sales in inventory, defined as 365 times ending inventory divided by cost of goods sold, for both its raw materials inventory and its fin..
As manager of Division C, how much television advertising would you use if you purchased Product Y at the transfer price calculated in problem 1
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