Homework Answers
| $340,000 | |
| TruData's common stock before acquisition | $284,000 |
| Common stock issued (par value) (11,200 x $5) | $56,000 |
| Acquisition-date consolidated balance sheet amount | $340,000 |
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Required information [The following information applies to the questions displayed below.) On July 1, TruData Company...
Required information [The following information applies to the questions displayed below.) On July 1, TruData Company...
Required information [The following information applies to the questions displayed below.) On July 1, TruData Company issues 11,200 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Webstat Fair Values Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net)...
[The following information applies to the questions displayed below.) On July 1, TruData Company issues 11,200...
[The following information applies to the questions displayed below.) On July 1, TruData Company issues 11,200 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Webstat Fair Values $ Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net) Land...
On July 1, TruData Company issues 12,600 shares of its common stock with a $5 par...
On July 1, TruData Company issues 12,600 shares of its common stock with a $5 par value and a $35 fair value in exchange for all of Webstat Company’s outstanding voting shares. Webstat’s precombination book and fair values are shown below along with book values for TruData’s accounts. TruData Webstat Webstat Book Values Book Values Fair Values Revenues (1/1 to 7/1) $ (320,600 ) $ (142,000 ) Expenses (1/1 to 7/1) 164,000 98,000 Retained earnings, 1/1 (134,000 ) (170,000 )...
TruData Webstat Book Values Webstat Fair Values Book Values $ (256,800) 198,e00 (138,000) 152,000 Revenues (1/1...
TruData Webstat Book Values Webstat Fair Values Book Values $ (256,800) 198,e00 (138,000) 152,000 Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 $ (130,000) 8e,000 (162,000) 56,000 164,000 176,000 216,000 84,000 (378,000) (70,000) (36,000) Cash and receivables 56,000 176,000 Inventory Patented technology (net) Land Buildings and equipment (net) Liabilities Common stock Additional paid-in capital 160,000 258,000 388,000 102,000 (536,000) (318,000) (9,200) 216,000 250,000 84,000 (350,000) On its acquisition-date consolidated balance sheet, what amount should TruData report as...
Required information [The following information applies to the questions displayed below.) Part 1 of 4 Raphael...
Required information [The following information applies to the questions displayed below.) Part 1 of 4 Raphael Corporation's balance sheet shows the following stockholders' equity section. 1.66 points $ 70,000 Preferred stock-5% cumulative, $__ par value, 1,000 shares authorized, issued, and outstanding Common stock-$___ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 340,000 $ 530,000 Print 1. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock...
Required information [The following information applies to the questions displayed below.) Pumpworks Inc. and Seaworthy Rope...
Required information [The following information applies to the questions displayed below.) Pumpworks Inc. and Seaworthy Rope Company agreed to merge on January 1, 20X3. On the date of the merger agreement, the companies reported the following data: Pumpworks Book Value Fair Value Seaworthy Rope Company Book Value Fair Value $ 101,000 101,000 101,000 410,000 (141,000) $ 572,000 $191,000 156,000 146,000 310,000 $ 15,000 25,000 5,000 218,000 (62.000 $ 201,000 $ 15,000 37,000 10,000 pict 128,000 ure $190,000 Balance Sheet Items...
Required information (The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows...
Required information (The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, . authorized, issued, and outstanding Common stock-$ and outstanding Retained earnings par value, 1,000 shares $ 60,000 par value, 4,e00 shares authorized, issued, 140,000 400,000 s 600,000 Total stockholders equity 1. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock Required information (The...
Required information [The following information applies to the questions displayed below.] Part 1 of 5 The...
Required information [The following information applies to the questions displayed below.] Part 1 of 5 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. .66 points Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $140,000 100,000 340,000 $ 580,000 eBook Print Stockholders' Equity (December 31)...
Chapter 11 Problems A Saved Required information [The following information applies to the questions displayed below.)...
Chapter 11 Problems A Saved Required information [The following information applies to the questions displayed below.) Part 3 of 4 Raphael Corporation's balance sheet shows the following stockholders' equity section. 1.66 points $ 70,000 Preferred stock-5% cumulative, $__ par value, 1,000 shares authorized, issued, and outstanding Common stock-$ __ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 120,000 340,000 $ 530,000 eBook Print 3. If two years' preferred dividends are in arrears at the current...
Required information [The following information applies to the questions displayed below.) Part 5 of 5 The...
Required information [The following information applies to the questions displayed below.) Part 5 of 5 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. 1.66 points Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $140,000 100,000 340,000 $ 580,000 eBook Print Stockholders' Equity (December 31)...
Required information [The following information applies to the questions displayed below.) On July 1, TruData Company issues 11,200 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Webstat Fair Values Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net)...
[The following information applies to the questions displayed below.) On July 1, TruData Company issues 11,200 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Webstat Fair Values $ Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net) Land...
TruData Webstat Book Values Webstat Fair Values Book Values $ (256,800) 198,e00 (138,000) 152,000 Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 $ (130,000) 8e,000 (162,000) 56,000 164,000 176,000 216,000 84,000 (378,000) (70,000) (36,000) Cash and receivables 56,000 176,000 Inventory Patented technology (net) Land Buildings and equipment (net) Liabilities Common stock Additional paid-in capital 160,000 258,000 388,000 102,000 (536,000) (318,000) (9,200) 216,000 250,000 84,000 (350,000) On its acquisition-date consolidated balance sheet, what amount should TruData report as...
Required information [The following information applies to the questions displayed below.) Part 1 of 4 Raphael Corporation's balance sheet shows the following stockholders' equity section. 1.66 points $ 70,000 Preferred stock-5% cumulative, $__ par value, 1,000 shares authorized, issued, and outstanding Common stock-$___ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 340,000 $ 530,000 Print 1. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock...
Required information [The following information applies to the questions displayed below.) Pumpworks Inc. and Seaworthy Rope Company agreed to merge on January 1, 20X3. On the date of the merger agreement, the companies reported the following data: Pumpworks Book Value Fair Value Seaworthy Rope Company Book Value Fair Value $ 101,000 101,000 101,000 410,000 (141,000) $ 572,000 $191,000 156,000 146,000 310,000 $ 15,000 25,000 5,000 218,000 (62.000 $ 201,000 $ 15,000 37,000 10,000 pict 128,000 ure $190,000 Balance Sheet Items...
Required information (The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, . authorized, issued, and outstanding Common stock-$ and outstanding Retained earnings par value, 1,000 shares $ 60,000 par value, 4,e00 shares authorized, issued, 140,000 400,000 s 600,000 Total stockholders equity 1. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock Required information (The...
Required information [The following information applies to the questions displayed below.] Part 1 of 5 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. .66 points Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $140,000 100,000 340,000 $ 580,000 eBook Print Stockholders' Equity (December 31)...
Chapter 11 Problems A Saved Required information [The following information applies to the questions displayed below.) Part 3 of 4 Raphael Corporation's balance sheet shows the following stockholders' equity section. 1.66 points $ 70,000 Preferred stock-5% cumulative, $__ par value, 1,000 shares authorized, issued, and outstanding Common stock-$ __ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 120,000 340,000 $ 530,000 eBook Print 3. If two years' preferred dividends are in arrears at the current...
Required information [The following information applies to the questions displayed below.) Part 5 of 5 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. 1.66 points Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $140,000 100,000 340,000 $ 580,000 eBook Print Stockholders' Equity (December 31)...
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