Assume that Hill issues 10,000 shares of common stock with a $5 par value and a $40
Question:
a. €“0€“.
b. $15,000.
c. $35,000.
d. $100,000.
Hill, Inc., obtains control over Loring, Inc., on July 1. The book value and fair value of Loring€™s accounts on that date (prior to creating the combination) follow, along with the book value of Hill€™saccounts:
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Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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b 15000 Consideration transferred fair value 400000 Book value of subsidiar...View the full answer
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Related Book For 
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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