On january 3, 2013, persoff corporation acquired all of the outstanding voting stock of sea cliff, inc. in exchange for $6,000,000 in cash. persoff elected to exercise control over sea cliff as a wholly owned subsidiary with an independent accounting system. both companies have december 31 fiscal year-ends. at the acquisition date, sea cliff's stockholders' equity was $2,500,000 including retained earnings of $1,700,000.persoff pursued the acquisition, in part, to utilize sea cliff 's technology and computer software. these items had fair values that differed from their values on sea cliff 's books as follows:

Financial information that is capable of making a difference in a decision is

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?