Condensed balance sheets for phillips company and solina company on january 1, 2013, are as follows: phillips solinacurrent assets$180,000$85,000plant and equipment (net)450,000140,000total assets$630,000$225,000total liabilities$95,000$35,000common stock, $10 par value350,000160,000other contributed capital125,00053,000retained earnings (deficit)60,000(23,000)total liabilities and equities$630,000$225,000on january 1, 2013, the stockholders of phillips and solina agreed to a consolidation. because fasbrequires that one party be recognized as the acquirer and the other as the acquiree, it was agreed that phillips wasacquiring solina. phillips agreed to issue 20,000 shares of its $10 par stock to acquire all the net assets of solinaat a time when the fair value of phillips’ common stock was $15 per share. on the date of consolidation, the fair values of solina’s current assets and liabilities were equal to their bookvalues. the fair value of plant and equipment was, however, $150,000. phillips will incur $20,000 of direct acqui-sition costs and $6,000 in stock issue costs. required: prepare the journal entries on the books of phillips to record the acquisition of solina company’s net assets.

You want to have $80,000 in your savings account 11 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. if the account pays 6.30 percent interest, what amount must you deposit each year? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

Vincent is interested in increasing his earning potential upon completing his internship at a major accounting firm. which option can immediately boost his career in the intended direction? b. complete a certification from a professional organization c. complete a new four-year undergraduate program in a related field d. complete a two-year associate degree in a related field e. complete an online course in accounting

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum. should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?