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Question - Par Inc purchased all of the outstanding common shares of Sub Corp for cash of $202, 119 on Jan 1, Year 1. On the date of acquisition, Sub's identifiable net assets had a carrying value of $161,692. The acquisition differential was allocated to the excess of fair value over book value as follows: inventory's fair value was higher by $16,165; Equipment's fair value was lower by $10,104; of Trademarks' fair value was higher by $12,146; and Bonds Payable's fair value was higher by $4,041. Equipment, Trademarks, and Bonds Payable each had an amortizable life of ten (10) years. What will be the net unamortized balance of the differences estion between fair values and carrying values at the end of Year 1?
Compute depreciation expense for the years 2010 and 2011 and show the book value of the machine on December 31, 2011 using each method below:
You are the assistant director of human resources. Janice Marshall has asked you to review the Code of Ethics to determine if John has violated its provisions. You are to prepare a paper that addresses the following.
The company incurred P22,000 of actual fixed overhead costs and recorded a P875 favorable volume variance. Compute the budgeted fixed overhead cost for January
you are thinking of investing in a field that may have commercial amounts of oil. based on the existing data of the
Gold estimated that 6% of credit sales are uncollectible. What is the year end journal entry? What is the net realizable value before and after journal entry
Air filters for the buffing machines used to produce the clamps $1,875. Calculate the total product costs for the month
Riverbed Corporation owns machinery that cost $24,800 when purchased on July 1, 2014. Prepare journal entries to update depreciation
Using the high-low method to budget costs of the special order, what would the expected profit on the special order be (use a negative sign for a loss)
Compute the amount of over head cost that would have been charged to each project during May.
Describe the current relationship between organizational strategy and HR activities at The King Company. What improvements are needed
how do you find cost per unit of finished product produced for a job when given direct labor cost direct materials used
The owner contributed $84,470 in assets in exchange for its common stock to launch the business. Make an October statement of retained earnings for Ernst
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