Business, 27.12.2020 15:50 sngarcia

Paint Corporation acquired 60 percent of the stock of Stain Company by issuing shares of its common stock with a fair value of $142,200. At that time, the fair value of the noncontrolling interest was estimated to be $94,800, and the fair values of Stains identifiable assets and liabilities were $303,000 and $96,000, respectively. Stains assets and liabilities had book values of $229,000 and $96,000, respectively. Required:
Compute the following amounts to be reported immediately after the combination.

a. Investment in Stain reported by Paint
b. Goodwill for the combined entity
c. Noncontrolling interest reported in the consolidated balance sheet

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 11:50

The following are the current month's balances for abc financial services, inc. before preparing the trial balance. accounts payable $ 10,000 revenue 6,000 cash 3,000 expenses 17,500 furniture 10,000 accounts receivable 14,000 common stock ? notes payable 6,500 what amount should be shown for common stock on the trial balance? a. $48.000b. $12.500c. $27.000d. $28.000

Answers: 3

Answer

Business, 22.06.2019 19:00

12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.

Answers: 1

Answer

Business, 22.06.2019 22:20

Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.

Answers: 1

Answer

Business, 22.06.2019 23:40

Four key marketing decision variables are price (p), advertising (a), transportation (t), and product quality (q). consumer demand (d) is influenced by these variables. the simplest model for describing demand in terms of these variables is: d = k – pp + aa + tt + qq where k, p, a, t, and q are constants. discuss the assumptions of this model. specifically, how does each variable affect demand? how do the variables influence each other? what limitations might this model have? how can it be improved?

Answers: 2

Answer

You know the right answer?

Paint Corporation acquired 60 percent of the stock of Stain Company by issuing shares of its common...

Questions