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On 1 January 2018 the Cruise Company acquired...
Pls help me this Considering the following information, for last year, concerning two different businesses operating...
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Considering the following information, for last year, concerning two different businesses operating in the same industry, make some comments about profitability and efficiency and the relationship between them. 4. ( millions) EBIT Potter Granger 30 40 200 Average long-term capital employed (assets)150 Sales Revenue
On January 1, Patterson Corporation acquired 80 percent of the 100,000 outstanding voting shares of Soriano,...
On January 1, Patterson Corporation acquired 80 percent of the 100,000 outstanding voting shares of Soriano, Inc., in exchange for $31.25 per share cash. The remaining 20 percent of Soriano's shares continued to trade for $30 both before and after Patterson's acquisition At January 1, Soriano's book and fair values were as follows: Remaining Life Current assets Buildings and equipment Trademarks Patented technology Values $ 80,000 1,000,000 900,000 2,000,000 5 years 10 years 4 years Book Values 80,000 1,250,000 700,000...
Company A buys 70% of 20000 2€ordinary shares of company B for 5€ per share. The...
Company A buys 70% of 20000 2€ordinary shares of company B for 5€ per share. The Noncurrent Assets of company B have a Fair value of 40000€. Company A Company B Noncurrent Assets 90000 20000 Investment - Net Current Assets 18000 28000 Net Assets 150000 48000 Share capital 124000 40000 Retained Earnings 26000 8000 Tot Equity 150000 48000 Compute the amount of Goodwill and Non controlling interest
On January 1, 2018, Pepper Enterprise acquired 80% of Harlan Company’s outstanding common shares in exchange...
On January 1, 2018, Pepper Enterprise acquired 80% of Harlan Company’s outstanding common shares in exchange for $5,000,000 in cash. The priced paid for the 80% ownership interest was proportionately representative of the fair value of all of Harlan’s shares. At acquisition date, Harlan’s book value was $5,000,000. The recorded assets and liabilities had fair values equal to their individual book values except that a building (10-year life) with a book value of $600,000 had an appraised value of $1,000,000. Also, at acquisition...
On July 1, 2018, Truman Company acquired a 70 percent interest in Atlanta Company in exchange...
On July 1, 2018, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $767,200 in cash and equity securities. The remaining 30 percent of Atlanta's shares traded closely near an average price that totaled $328,800 both before and after Truman's acquisition. In reviewing its acquisition, Truman assigned a $138,500 fair value to a patent recently developed by Atlanta, even though it was not recorded within the financial records of the subsidiary. This patent is...
A acquired 80% of B for cash of £2,200. At the time of acquisition net assets in of B had fair va...
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A acquired 80% of B for cash of £2,200. At the time of acquisition net assets in of B had fair value of £2,000 but book value of £1,200 Current balance sheets are as follows: £2,200 Investment in B Other net assets 2.800 1500 5,000 1500 Share capital £1 shares Retained earnings £4.0001000 1000 5,000 1500 Required a) Prepare a consolidated balance sheet for the A group (8...
Papilon Corporation acquired 90,000 shares of the 100,000 outstanding no-par ordinary share capital of Silicon Company...
Papilon Corporation acquired 90,000 shares of the 100,000 outstanding no-par ordinary share capital of Silicon Company for a price of P1,200,000 on January 1, 2011 at the time when Silicon Company had book and fair values as shown below. Papilon Corporation also paid P96,000 direct acquisition costs in the form of legal fees to outside consultants. Ordinary Share Capital P480,000 Accumulated Profits 600,000 Total net assets at book value P1,080,000 Add: Differences between current fair value and book value Inventories...
7. The following information pertains to questions 7-14 On January 1, 2019, Pali Company acquired 75% of Silicon C...
7. The following information pertains to questions 7-14 On January 1, 2019, Pali Company acquired 75% of Silicon Company's voting stock for $44,300 in cash. The noncontrolling interest had an estimated fair value of $12,700. Silicon's assets and liabilities at the date of acquisition were reported at amounts approximating fair value, but it had previously unreported indefinite life identifiable intangibles valued at $21,000. Silicon's total shareholders' equity at January 1, 2019 was as follows: Capital stock Retained earnings Accumulated other...
Problem 1 On Jan. 1 2018, Pan Corporation acquired 60% of the outstanding common stock of Smith Company for $104,600. F...
Problem 1 On Jan. 1 2018, Pan Corporation acquired 60% of the outstanding common stock of Smith Company for $104,600. Fair Value of noncontrolling interest at the outstanding is $65,400. Smith is to continue its corporate existence as a subsidiary of Pan Company. Smith's stockholders' equity Jan 1, 2018, was as follows Common Stock-$20,000 Additional Paid in Capital- $30,000 Retained Earnings- $30,000 Total Stockholders' Equity- $80,000 At the time of the acquisition, all of Smith's assets and liabilities were reported...
On July 1, 2018, Truman Company acquired a 70 percent interest in Atlanta Company in exchange...
On July 1, 2018, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $820,575 in cash and equity securities. The remaining 30 percent of Atlanta’s shares traded closely near an average price that totaled $351,675 both before and after Truman’s acquisition. In reviewing its acquisition, Truman assigned a $133,000 fair value to a patent recently developed by Atlanta, even though it was not recorded within the financial records of the subsidiary. This patent is...
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Considering the following information, for last year, concerning two different businesses operating in the same industry, make some comments about profitability and efficiency and the relationship between them. 4. ( millions) EBIT Potter Granger 30 40 200 Average long-term capital employed (assets)150 Sales Revenue
On January 1, Patterson Corporation acquired 80 percent of the 100,000 outstanding voting shares of Soriano, Inc., in exchange for $31.25 per share cash. The remaining 20 percent of Soriano's shares continued to trade for $30 both before and after Patterson's acquisition At January 1, Soriano's book and fair values were as follows: Remaining Life Current assets Buildings and equipment Trademarks Patented technology Values $ 80,000 1,000,000 900,000 2,000,000 5 years 10 years 4 years Book Values 80,000 1,250,000 700,000...
On July 1, 2018, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $767,200 in cash and equity securities. The remaining 30 percent of Atlanta's shares traded closely near an average price that totaled $328,800 both before and after Truman's acquisition. In reviewing its acquisition, Truman assigned a $138,500 fair value to a patent recently developed by Atlanta, even though it was not recorded within the financial records of the subsidiary. This patent is...
Answers needed for each part with step by step
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A acquired 80% of B for cash of £2,200. At the time of acquisition net assets in of B had fair value of £2,000 but book value of £1,200 Current balance sheets are as follows: £2,200 Investment in B Other net assets 2.800 1500 5,000 1500 Share capital £1 shares Retained earnings £4.0001000 1000 5,000 1500 Required a) Prepare a consolidated balance sheet for the A group (8...
7. The following information pertains to questions 7-14 On January 1, 2019, Pali Company acquired 75% of Silicon Company's voting stock for $44,300 in cash. The noncontrolling interest had an estimated fair value of $12,700. Silicon's assets and liabilities at the date of acquisition were reported at amounts approximating fair value, but it had previously unreported indefinite life identifiable intangibles valued at $21,000. Silicon's total shareholders' equity at January 1, 2019 was as follows: Capital stock Retained earnings Accumulated other...
Problem 1 On Jan. 1 2018, Pan Corporation acquired 60% of the outstanding common stock of Smith Company for $104,600. Fair Value of noncontrolling interest at the outstanding is $65,400. Smith is to continue its corporate existence as a subsidiary of Pan Company. Smith's stockholders' equity Jan 1, 2018, was as follows Common Stock-$20,000 Additional Paid in Capital- $30,000 Retained Earnings- $30,000 Total Stockholders' Equity- $80,000 At the time of the acquisition, all of Smith's assets and liabilities were reported...
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