Refer to Practice 10-14. Assume that the cash acquisition price is $720,000 instead of $1,400,000. Make the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
Cash price 720000 Market value of net assets 1360000 5...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Question Posted:
Students also viewed these Accounting questions
-
Refer to PE 3-4. Make the journal entry necessary to record the transaction.
-
Refer to Practice 10-6. Make the journal entry necessary to record total interest paid for the year. Assume that all of the interest was paid in cash on December 31.
-
Refer to PE 3-1. Make the journal entry necessary to record the transaction. Data from PE 3-1 Allendorf Company borrowed $85,000 in cash from Eastern Bank.
-
According to the Internal Revenue Service (IRS), the chances of your tax return being audited are about 1 in 100 if your income is less than $1 million and 9 in 100 if your income is $1 million or...
-
Mrs. Norman has the following sources of income: Social security benefits $10,000 Interest income 5,000 Dividend income 5,000 Tax-exempt interest income 14,000 Mrs. Norman is 68 years of age, a...
-
Compare the strengths and weaknesses of the three formats of constructing a WBS: indented outline, organizational chart, and free format.
-
In a group of 160 graduate engineering students, 92 are enrolled in an advanced course in statistics, 63 are enrolled in a course in operations research, and 40 are enrolled in both. How many of...
-
At a small but growing airport, the local airline company is purchasing a new tractor for a tractor-trailer train to bring luggage to and from the airplanes. A new mechanized luggage system will be...
-
Linux Construct a similar process tree on using pstree. You can store it in a file using redirection: pstree > hw3tree. Print it out and turn it in pdf form. Note that just using pstree may not be...
-
1. What are the points of difference, or unique attributes, for GoPro products? 2. What are GoPros primary target markets? How does content marketing influence these markets? 3. Describe the new...
-
Stafford Company purchased Deaver Manufacturing for $1,400,000 cash on January 1. The book value and fair value of the assets of Deaver as of the date of the acquisition follow: In addition, Deaver...
-
The company paid $500,000 to purchase the following: a building with an appraised value of $200,000, an operating permit valued at $100,000, and ongoing research and development projects valued at...
-
If the buyer relies on the sellers expertise and purchases goods that do not meet the buyers specific criteria, the following warranty may have been breached: a. Express warranty. b. Implied warranty...
-
Explain the two-stage allocation of overheads in activity-based costing.
-
If a state requires that eligibility for certain extracurricular activities be based on maintaining a particular grade point average, is there any problem with such a policy for students with...
-
What are the benefits and limitations of ABC?
-
Will undue burden become a common defense to ADA litigation against private schools?
-
Discuss some of the special considerations in designing a cost accounting system for service organisations.
-
Can the child tax credit for taxpayers result in a refundable personal credit?
-
Why do bars offer free peanuts?
-
In recent years, dividends have been taxed at 15 percent, the lowest tax rate on dividends in modern history. Furthermore, longterm capital gains have been taxed at a maximum of 15 percent. Ordinary...
-
Accountants try to prepare income statements that are as accurate as possible. A basic requirement in preparing accurate income statements is to record costs and revenues properly. Proper recognition...
-
Daniel Barenboim sells and erects shell houses, that is, frame structures that are completely finished on the outside but are unfinished on the inside except for flooring, partition studding, and...
-
Daniel Barenboim sells and erects shell houses, that is, frame structures that are completely finished on the outside but are unfinished on the inside except for flooring, partition studding, and...
-
Prove that Russian multiplication does what it needs to do, i.e. the result is the product of the two integers. Do not use the proof of the book. It is mainly an exercise in understanding the binary...
-
What is the fundament difference between growing a unicorn versus a camel? What are the financial recommendations for start-ups and the reasons given for those choices? Do you agree with these...
-
16. Nickel Inc. bought $500,000 of 3-year, 9% bonds as an investment on December 31, 2015 for $545,000. Nickel uses straight-line amortization. On May 1, 2016, $100,000 of the bonds were redeemed at...
Study smarter with the SolutionInn App