Amie, inc. has 100,000 shares of $2 par value stock outstanding.

prairie corporation acquired 30,000 of amie's shares on january 1, 2012, for $120,000 when amie's net assets had a total fair value of $350,000.

on july 1, 2015, prairie bought an additional 60,000 shares of amie from a single stockholder for $6 per share.

although amie's shares were selling in the $5 range around july 1, 2015, prairie forecast that obtaining control of amie would produce significant revenue synergies to justify the premium price paid.

if amie's net identifiable assets had a fair market value of $500,000 at july 1, 2015, how much goodwill should prairie report in its post-combination consolidated balance sheet?

a) $60,000

b) $90,000

c) $100,000

d) $0

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u. s. parent on bank deposits held in london d. interest received by a u. s. parent on a loan to a subsidiary in mexico e. principal repayment received by u. s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u. s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:

Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets. b. an increase in accrued liabilities. c. an increase in notes payable. d. an increase in accounts receivable. e. an increase in accounts payable.