subject
Business, 15.10.2019 17:30 Derrick253

You are an accountant working with a large corporation that manufactures functional desk supplies (staplers, hole punches, in a staff meeting with the chief financial officer (cfo) and several other accountants, the cfo mentions that your company has found a company that produces office decorations (prints, paintings, clocks). the cfo mentions that your company would like to buy this decoration business but it has had a few hard years and has a tremendous amount of debt. your company’s president does not want to merge with the decorating company because he does not want its debts to come with the purchase. instead, he would like to buy the assets of the decorating company, disclaim the debt, and create a new subsidiary of your company to run that business. he wants to offer a small amount of stock in your company and in the new subsidiary as payment for the assets, but primarily will be giving the current management of that company jobs within the new company to pay for the assets. you’re concerned that this may not work and that your company will still have responsibility for the liabilities of the decorating company. explain what could be problematic about your president’s desired approach.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:30
Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?
Answers: 2
question
Business, 22.06.2019 11:00
In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000
Answers: 3
question
Business, 22.06.2019 15:50
Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?
Answers: 1
question
Business, 22.06.2019 23:30
Sally has a high-paying management position with a fortune 500 company, but she is tired of working for corporate america. so sally has decided to start a business, and she knows she will be successful as an entrepreneur because entrepreneurs typically
Answers: 3
You know the right answer?
You are an accountant working with a large corporation that manufactures functional desk supplies (s...
Questions
question
Mathematics, 13.06.2020 19:57
Questions on the website: 13722367