Business

Business, 18.10.2019 06:10, xxchloekai

At the date of the business combination, the book values of catapult's assets and liabilities approximated fair value except for inventory, which had a fair value of $30,000, and land, which had a fair value of $95,000. based on the preceding information, what amount of total liabilities will be reported in the consolidated balance sheet prepared immediately after the business combination?

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Business, 29.07.2019 17:20, kenzie530

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

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Business, 02.08.2019 17:10, wolfsaway

Paccu corporation acquired 100 percent of sallee company's common stock on january 1, 20x7. balance sheet data for the two companies immediately following the acquisition follow: paccu sallee cash $ 50,000 $ 30,000 accounts receivable 60,000 35,000 inventory 130,000 45,000 land 75,000 60,000 buildings and equipment 310,000 170,000 less: accumulated depreciation (130,000 ) (30,000 ) investment in sallee company stock 250,000 total assets $ 745,000 $ 310,000 accounts payable $ 40,000 $ 35,000 taxes payable 30,000 12,000 bonds payable 250,000 50,000 common stock 75,000 75,000 retained earnings 350,000 138,000 total liabilities and stockholders' equity $ 745,000 $ 310,000 at the date of the business combination, the book values of sallee's assets and liabilities approximated fair value except for inventory, which had a fair value of $55,000, and land, which had a fair value of $65,000. the fair value of land for paccu corporation was estimated at $90,000 immediately prior to the acquisition. based on the preceding information, at what amount should the land be reported in the consolidated balance sheet prepared immediately after the business combination? a) $135,000 b) $140,000 c) $150,000 d) $155,000

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Business, 16.10.2019 22:20, mpete1234567890

On july 1, 20x9, link corporation paid $340,000 for all of tinsel company's outstanding common stock. on that date, the costs and fair values of tinsel's recorded assets and liabilities were as follows: cost fair value cash and receivables $50,000 $50,000 inventory 120,000 125,000 buildings and equipment (net) 200,000 240,000 liabilities (100,000) (100,000) net assets $270,000 $315,000 based on the preceding information, the differential reflected in a consolidation worksheet to prepare a consolidated balance sheet immediately after the business combination is:

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Business, 18.10.2019 19:10, lilspike420

Power corporation acquired 70 percent of silk corporation’s common stock on december 31, 20x2. balance sheet data for the two companies immediately following the acquisition follow: at the date of the business combination, the book values of silk’s net assets and liabilities approximated fair value except for inventory, which had a fair value of $85,000, and land, which had a fair value of $45,000. the fair value of the noncontrolling interest was $64,500 on december 31, 20x2.

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