Fact Pattern 31-1 Outlook Inc. merges with Pinnacle Inc. Only Pinnacle remains. Refer to Fact Pattern...
Fact Pattern 31-1
Outlook Inc. merges with Pinnacle Inc. Only Pinnacle remains.
Refer to Fact Pattern 31-1. Outlook held rights in certain real property. With regard to these assets, in the merger Pinnacle assumes
| a. |
all of Outlook’s assets. |
|
| b. |
an amount of assets equal to the ratio of the firms’ pre-merger market values. |
|
| c. |
none of Outlook’s assets. |
|
| d. |
only those assets acquired after the merger was proposed. |
Homework Answers
when outlook merged with Pinnacle then there will be one surviving company i.e. Pinnacle. with merger pinnacle assumes an amount of assets equal to the ratio of the firms pre--merger market values because it includes all the liabilities of former company before the date of merger.
Add Answer to:
Fact Pattern 31-1
Outlook Inc. merges with Pinnacle Inc. Only Pinnacle
remains.
Refer to Fact Pattern...
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15. estimate of uncollectible accounts receivable. 16. calculate
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period).
hints:-
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explain this?
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30, 2017?
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