Required information pace corporation acquired 100 percent of spin company's common stock on january 1, 20x9. balance sheet data for the two companies immediately following the acquisition follows: item pace corporation spin company cash $ 30,000 $ 25,000 accounts receivable 80,000 40,000 inventory 150,000 55,000 land 65,000 40,000 buildings and equipment 260,000 160,000 less: accumulated depreciation (120,000 ) (50,000 ) investment in spin company stock 150,000 total assets $ 615,000 $ 270,000 accounts payable $45,000 $33,000 taxes payable 20,000 8,000 bonds payable 200,000 100,000 common stock 50,000 20,000 retained earnings 300,000 109,000 total liabilities and stockholders’ equity $ 615,000 $ 270,000 at the date of the business combination, the book values of spin's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, and land, which had a fair value of $50,000. the fair value of land for pace corporation was estimated at $80,000 immediately prior to the acquisition. based on the preceding information, what amount of goodwill will be reported in the consolidated balance sheet prepared immediately after the business combination
Answers: 1
Business, 22.06.2019 11:00, saurav76
When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called
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Business, 22.06.2019 11:50, Paytonsmommy09
Which of the following does not offer an opportunity for timely content? evergreen content news alerts content that suits seasonal consumption patterns content that matches a situational trigger content that addresses urgent pain points
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Business, 22.06.2019 14:50, QuarkyFermion
Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of
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Business, 22.06.2019 22:50, emanuelmorales1515
Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility. output for facility 1: output for facility 2: c. determine the profit-maximizing price.$
Answers: 3
Required information pace corporation acquired 100 percent of spin company's common stock on january...
Mathematics, 11.03.2020 02:38
Mathematics, 11.03.2020 02:38