subject
Business, 26.08.2019 19:10 samueltaye

On january 1, 20x9, peanuts corporation acquired 80 percent of schulz corporation's voting common stock. on that date, peanuts had equipment with a book value of $50,000 and a fair value of $200,000. schulz's buildings and equipment had a book value of $300,000 and a fair value of $300,000 at the time of acquisition. what will be the amount at which buildings and equipment will be reported in consolidated statements immediately following the acquisition?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 17:10
Which term refers to the amount of products generated divided by the inputs necessary to create that output? a. performance b. industry ranking c. productivity d. organizational performance e. organizational effectiveness
Answers: 1
question
Business, 21.06.2019 21:30
Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations. issued 2,900 shares of $0.01 par value common stock to investors for cash at $29 per share. borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years. paid $1,000 for the current month's rent of a warehouse and another $1,000 for next month's rent. paid $1,440 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense). purchased furniture and fixtures for the warehouse for $16,000, paying $3,200 cash and the rest on account. the amount is due within 30 days. purchased for $2,800 cash the university of pennsylvania, notre dame, the university of texas at austin, and michigan state university baseball caps as inventory to sell online. placed advertisements on google for a total of $340 cash. sold caps totaling $1,900, half of which was charged on account. the cost of the caps sold was $1,100. (hint: make two entries.) made full payment for the furniture and fixtures purchased on account in (e). received $280 from a customer on account.
Answers: 2
question
Business, 21.06.2019 21:30
Asavings account that pays interest every 3 months is said to have a interest period
Answers: 1
question
Business, 21.06.2019 23:10
Kando company incurs a $9 per unit cost for product a, which it currently manufactures and sells for $13.50 per unit. instead of manufacturing and selling this product, the company can purchase product b for $5 per unit and sell it for $12 per unit. if it does so, unit sales would remain unchanged and $5 of the $9 per unit costs assigned to product a would be eliminated. 1. prepare incremental cost analysis. should the company continue to manufacture product a or purchase product b for resale? (round your answers to 2 decimal places.)
Answers: 1
You know the right answer?
On january 1, 20x9, peanuts corporation acquired 80 percent of schulz corporation's voting common st...
Questions
question
English, 18.10.2020 14:01
question
Mathematics, 18.10.2020 14:01
question
English, 18.10.2020 14:01