4 Pit Corp pays $800,000 cash and issues 100,000 shares of Pit Corp $10 par common stock with a market value of $20 per share for the net assets of Sad Co Fair value of net assets acquired equal $2,400 The goodwill is (2 Points) 400 420 240 560 4 Pit Corp pays $800,000 cash and issues 100,000 shar...

A 400 Working cash paid 800000 value of shares iss ...

4. Pit Corp. pays $800,000 cash and issues 100,000 shares of Pit Corp. $10 par common...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Payroll Accounting 2017

ISBN: 978-1259572180

3rd edition

Authors: Jeanette Landin, Paulette Schirmer

See More Books

Posted Date: Nov 16, 2022 12:08 AM

See More Questions

Jerald Gilreath is an employee of a Canadian publicly traded company.He works in their Calgary office and lives downtown in a high rise condo. In addition to his 2017 base salary of $175,000, he...
Hector is an employee of a contractor that provides governmental construction services in Washington, D.C. The current contract is for $250,000. Hector is 22 and is paid $9.50 per hour. How does the...
Linda is an employee of a Canadian controlled private corporation (CCPC). She lives with her common-law partner Julian. The following information pertains to her 2019 income. Linda received gross...
Assume that the average talk time on an Apple iPhone is 20 hours and that this time follows the exponential probability distribution. What is the probability that a randomly selected iPhone will...
Fellowes and Associates Chartered Accountants is a successful mid-tier accounting firm with a large range of clients across Canada. During 2011, Fellowes and Associates gained a new client, Health...
How is the new economy affecting what managers do? Find examples in current business periodicals of activities and practices that organizations are using. Discuss them in light of the changed...
Refer to Samsungs financial statements in Appendix A. Compute its debt ratio as of December 31, 2015, and December 31, 2014. Data From Samsung Financial Statement Appendix A Samsung Electronics Co.,...
How would each of the following items be reported on the balance sheet? (a) Gift certificates sold to customers but not yet redeemed. (b) Discount on notes payable. (c) Current maturities of...
You are the owner of Poptastic. For the past few years, to help supplement your familys income, you have sold premium, homemade popsicles from your food truck and a few local businesses in Pensacola,...
A corporation that manufactures field rifles for the Department of Defense operates a production line that turns out finished firing pins. To monitor the process, an inspector randomly selects five...
Stratford Corp. (SC) is considering a new project. SC estimates that there is a 25% probability that cash flows in one year will be $250,000, and a 75% probability the cash flows will be $350,000....
How can you develop specific metrics to monitor tactics with a smart watch business? How do you know things are going as planned? How often will you monitor the metrics?
A. Based on the information below, compute P/E, P/BV, EV/EBITDA, EV/Sales ratio for A, B, C, D and industry average ratios (remember to exclude company you're valuing from the average). What can you...
According to some articles, the line between one's work and one's personal life is getting thinner and thinner because we are always connected to some type of technology that allows us to easily move...
Which type of buying decision is most likely to cause post-purchase dissonance?
A city transfers $300,000 from the general fund to the capital projects fund to initiate construction on a new office building. The new office building is built for a total cost of $300,000. Assuming...
The science of OB was developed by applying general concepts to __________. Question content area bottom Part 1. A. a workplace environment B. employee-selection techniques C. a group of foreign...
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
Using the employee payroll entry for 6-4A, post the July 15 employee pay for Charles Cleaners to the selected General Ledger accounts below: Accounts: salaries and wages payable Accounts: Employee...
Why are new hires required to be reported to the states employment department?
For the state in which you live, when must a terminated employee be paid his or her final paycheck?
On November 15, 20X3, Chow Inc., a U.S. company, ordered merchandise FOB shipping point from a German company for 200,000. The merchandise was shipped and invoiced on December 10, 20X3. Chow paid the...
On April 8, 20X3, Trul Corporation purchased merchandise from an unaffiliated foreign company for 10,000 units of the foreign companys local currency. Trul paid the bill in full on March 1, 20X4,...
On September 1, 20X1, Cott Corporation received an order for equipment from a foreign customer for 300,000 LCUs when the U.S. dollar equivalent was $96,000. Cott shipped the equipment on October 15,...

4. Pit Corp. pays $800,000 cash and issues 100,000 shares of Pit Corp. $10 par common...

Question:

Expert Answer:

A 400 Working cash paid 800000 value of shares iss... View the full answer

Payroll Accounting 2017

Students also viewed these accounting questions