Please use the following information for Questions 1-2.
On January 1, 2021, Todd Corp. and Tapper Corp. had condensed balance sheets as follows:
Todd Corp Tapper Corp.
Current assets $109,000 $35,000
Noncurrent assets 135,000 77,000
Total assets 244,000 112,000
Current liabilities 52,000 22,000
Long-term debt 80,000 0
Stockholders' equity 112,000 90,000
Total liabilities & stockholders equity 244,000 112,000
On January 2, 2021, Todd borrowed the entire $75,000 it needed to acquire 75% of the outstanding common shares of Tapper. The loan was to be paid in ten equal annual principal payments, plus interest, beginning December 31, 2021. The excess consideration transferred over the underlying book value of the acquired net assets was allocated 60% to inventory and 40% to goodwill.
Flag question: Question 1
Question 13 pts
What are consolidated current assets at January 2, 2021?
Group of answer choices
$148,000
$141,250
$135,250
$150,000
$144,000
Flag question: Question 2
Question 23 pts
What are consolidated current liabilities at January 2, 2021?
Group of answer choices
$80,000
$69,500
$81,500
$52,000
$74,000
Answers: 2
Business, 22.06.2019 10:30
What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.
Answers: 1
Business, 22.06.2019 12:20
Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount
Answers: 2
Business, 22.06.2019 19:30
Do a swot analysis for the business idea you chose in question 2 above. describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea.
Answers: 2
Business, 22.06.2019 20:10
With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals
Answers: 1
Please use the following information for Questions 1-2.
On January 1, 2021, Todd Corp. and Tapper...
Social Studies, 24.05.2020 00:05
Physics, 24.05.2020 00:05
Mathematics, 24.05.2020 00:05
History, 24.05.2020 00:05
Mathematics, 24.05.2020 00:05
Mathematics, 24.05.2020 00:05
History, 24.05.2020 00:05
Physics, 24.05.2020 00:05
Mathematics, 24.05.2020 00:05
Spanish, 24.05.2020 00:05
Mathematics, 24.05.2020 00:05
Mathematics, 24.05.2020 00:05