Copyright â© 2012 pearson education, inc. publishing as prentice hall use the following information to answer question(s) below. on january 1, 2011, punch corporation purchased 80% of the common stock of soopy co. separate balance sheet data for the companies at the acquisition date(after the acquisition) are given below: punchsoopy cash $34,000 $206,000 accounts receivable 144,000 26,000 inventory 132,000 38,000 land 68,000 32,000 plant assets 700,000 300,000 accum. depreciation (240,000) (60,000) investment in soopy392,000total assets$1,230,000 $ 542,000 accounts payable $206,000 $142,000 capital stock 800,000300,000 retained earnings224,000 100,000total liabilities & equities$ 1,230,000 $ 542,000 at the date of the acquisition, the book values of soopy's net assets were equal to the fair value except for soopy's inventory, which had a fair value of $60,000.

determine below what the consolidated balance would be for each of the requested accounts. what amount of inventory will be reported?

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)

Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.