subject
Business, 26.02.2020 05:54 yesmi

2 of 5 questions - information provided each time On January 1, 2019, Morocco Corp acquired 100% of the outstanding common stock of Oman Company. Morocco issued 100 shares of common stock having a par value of $1 per share with a fair value of $14 per share and borrowed $100 in debt in order to complete this acquisition. In addition, Morocco paid attorney and accounting fees of $20 and an additional $15 in connection with issuing the additional shares of stock. Prior to the acquisition, the balance sheets of Morocco and Oman presented as follows: Morocco Oman Cash$180 $40 Receivables 810 180 Inventories 1,080 280 Land 600 360 Buildings (net) 1,260 440 Equipment (net) 480 100 Accounts payable (450) (80) Long-term liabilities (1,290) (400) Common stock ($1 par) (330) Common stock ($20 par) (240) Additional paid-in capital (1,080) (340) Retained earnings (1,260) (340) Note: Parentheses indicate a credit balance. Oman's assets that had a fair value greater than book value are as follows: Buildings by $60, Inventory by $10, Land by $40 What is the amount of goodwill arising from this acquisition?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 06:40
Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.
Answers: 2
question
Business, 22.06.2019 21:10
Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.
Answers: 1
question
Business, 23.06.2019 07:40
Given the production function q=96(k^0.3)(l^0.7), find the mpk and mpl functions. is mpk a function of k alone, or of both k and l? what about mpl?
Answers: 2
question
Business, 23.06.2019 16:00
Acompany's culture is made up of: a. the company's vision and mission statement. b. its behavior patterns. c. whatever the board of directors says it is. d. the image the ceo wants to project.
Answers: 2
You know the right answer?
2 of 5 questions - information provided each time On January 1, 2019, Morocco Corp acquired 100% of...
Questions
question
Mathematics, 02.12.2021 05:50
question
Computers and Technology, 02.12.2021 05:50
question
Computers and Technology, 02.12.2021 05:50
question
History, 02.12.2021 05:50
question
Computers and Technology, 02.12.2021 05:50