Business, 06.12.2019 23:31 jaimejohnston2
On january 1, tesco company spent a total of $4,332,000 to acquire control over blondel company. this price was based on paying $471,000 for 20 percent of blondel’s preferred stock and $3,861,000 for 90 percent of its outstanding common stock. at the acquisition date, the fair value of the 10 percent noncontrolling interest in blondel’s common stock was $429,000. the fair value of the 80 percent of blondel’s preferred shares not owned by tesco was $1,884,000. blondel’s stockholders’ equity accounts at january 1 were as follows:
preferred stock—9%, $100 par value, cumulative and participating;
10,000 shares outstanding
$ 1,000,000
common stock—$50 par value; 40,000 shares outstanding 2,000,000
retained earnings 3,370,000
total stockholders’ equity $ 6,370,000
tesco believes that all of blondel’s accounts approximate their fair values within the company’s financial statements. what amount of consolidated goodwill should be recognized?
Answers: 1
Business, 22.06.2019 04:30
How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )
Answers: 3
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na
Answers: 1
Business, 22.06.2019 11:30
Leticia has worked for 20 years in the public relations department of a large firm and has been the vice-president for the past ten years. it is unlikely she will ever be promoted to the top executive position in her firm even though she has directed several successful projects and is quite capable. her lack of promotion is an illustration of (a) the "glass ceiling" (b) the "glass elevator" (c) the "mommy track" (d) sexual harassment
Answers: 3
Business, 22.06.2019 12:20
Consider 8.5 percent swiss franc/u.s. dollar dual-currency bonds that pay $666.67 at maturity per sf1,000 of par value. it sells at par. what is the implicit sf/$ exchange rate at maturity? will the investor be better or worse off at maturity if the actual sf/$ exchange rate is sf1.35/$1.00
Answers: 2
On january 1, tesco company spent a total of $4,332,000 to acquire control over blondel company. thi...
Mathematics, 16.09.2019 15:20
Mathematics, 16.09.2019 15:20
SAT, 16.09.2019 15:20
English, 16.09.2019 15:20
Chemistry, 16.09.2019 15:20
Biology, 16.09.2019 15:20
Mathematics, 16.09.2019 15:20
Geography, 16.09.2019 15:20
History, 16.09.2019 15:20
Physics, 16.09.2019 15:20
Chemistry, 16.09.2019 15:20
Health, 16.09.2019 15:20
Mathematics, 16.09.2019 15:20