subject
Business, 01.02.2021 21:20 lilly420

Pab Corporation decided to establish Sollon Company as a wholly owned subsidiary by transferring some of its existing assets and liabilities to the new entity. In exchange, Sollon issued Pab 30,000 shares of $6 par value common stock. The following information is provided on the assets and accounts payable transferred: Cost Book Value Fair Value
Cash $44,000 $44,000 $44,000
Inventory 76,000 76,000 76,000
Land 79,000 79,000 109,000
Buildings 175,000 134,000 249,000
Equipment 90,000 76,000 121,000
Accounts Payable 63,000 63,000 63,000

Required:
Prepare the journal entry that Pab recorded for the transfer of assets and accounts payable to Sollon.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 16:30
Which of the following has the largest impact on opportunity cost
Answers: 3
question
Business, 22.06.2019 20:30
What talent or skill do u wish too develop for yourself
Answers: 1
question
Business, 22.06.2019 21:50
The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.
Answers: 1
question
Business, 22.06.2019 22:10
Asupermarket has been experiencing long lines during peak periods of the day. the problem is noticeably worse on certain days of the week, and the peak periods are sometimes different according to the day of the week. there are usually enough workers on the job to open all cash registers. the problem is knowing when to call some of the workers stocking shelves up to the front to work the checkout counters. how might decision models the supermarket? what data would be needed to develop these models?
Answers: 2
You know the right answer?
Pab Corporation decided to establish Sollon Company as a wholly owned subsidiary by transferring som...
Questions
question
Chemistry, 24.09.2020 15:01
question
Mathematics, 24.09.2020 15:01
question
Chemistry, 24.09.2020 15:01
question
Physics, 24.09.2020 15:01
Questions on the website: 13722367