CAN SOMEONE PLEASE HELP ME OUT WITH THE CORRECT ANSWERS PLEASE. NO SPAM. I KEEP GETTING ALL WRONG CALCULATIONS.
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CAN SOMEONE PLEASE HELP ME OUT WITH THE CORRECT ANSWERS PLEASE. NO SPAM. I KEEP GETTING...
On December 31, Pacifica, Inc., acqulred 100 percent of the voting stock of Seguros Company. Pacifica will malntain Seguros as a wholly owned subsldlary with its own legal and accounting identity. The consideration transferred to the owner of Seguros Included 54,595 newly Issued Pacifica common shares ($20 market value, $5 par value) and an agreement to pay an additional $130,000 cash If Seguros meets certaln project completion goals by December 31 of the following year. Pacifica estimates a 50 percent...
On December 31, Pacifica, Inc., acqulred 100 percent of the voting stock of Seguros Company. Pacifica will malntain Seguros as a wholly owned subsldlary with its own legal and accounting identity. The consideration transferred to the owner of Seguros Included 54,595 newly Issued Pacifica common shares ($20 market value, $5 par value) and an agreement to pay an additional $130,000 cash If Seguros meets certaln project completion goals by December 31 of the following year. Pacifica estimates a 50 percent...
On December 31, Pacifica, Inc., acquired 100 percent of the voting stock of Seguros Company. Pacifica will maintain Seguros as a wholly owned subsidiary with its own legal and accounting identity. The consideration transferred to the owner of Seguros included 51,695 newly issued Pacifica common shares ($20 market value, $5 par value) and an agreement to pay an additional $130,000 cash if Seguros meets certain project completion goals by December 31 of the following year. Pacifica estimates a 50 percent...
On December 31, Pacifica, Inc., acquired 100 percent of the voting stock of Seguros Company. Pacifica will maintain Seguros as a wholly owned subsidiary with its own legal and accounting identity. The consideration transferred to the owner of Seguros included 56,500 newly issued Pacifica common shares ($20 market value, $5 par value) and an agreement to pay an additional $130,000 cash if Seguros meets certain project completion goals by December 31 of the following year. Pacifica estimates a 50 percent...
Record the acquisition of Seguros Company. Record the legal fees related to the combination. Record the payment of stock issuance costs. On December 31, Pacifica, Inc., acquired 100 percent of the voting stock of Seguros Company Pacifica will maintain Seguros as a wholly owned subsidiary with its own legal and accounting identity. The consideration transferred to the owner of Seguros included 51,695 newly issued Pacifica common shares ($20 market value, $5 par values and an agreement to pay an additional...
On December 31, Pacifica, Inc., acquired 100 percent of the voting stock of Seguros Company. Pacifica will maintain Seguros as a wholly owned subsidiary with its own legal and accounting identity. The consideration transferred to the owner of Seguros included 55,370 newly issued Pacifica common shares ($20 market value, $5 par value) and an agreement to pay an additional $130,000 cash if Seguros meets certain project completion goals by December 31 of the following year. Pacifica estimates a 50 percent...
On December 31, Pacifica, Inc., acquired 100 percent of the voting stock of Seguros Company. Pacifica will maintain Seguros as a wholly owned subsidiary with its own legal and accounting identity. The consideration transferred to the owner of Seguros included 56,570 newly issued Pacifica common shares ($20 market value, $5 par value) and an agreement to pay an additional $130,000 cash if Seguros meets certain project completion goals by December 31 of the following year. Pacifica estimates a 50 percent...
Please Help!!! On May 1, Soriano Co. reported the following account balances along with their estimated fair values: Carrying Fair Value Amount Receivables 245,300 245,300 79,200 125,500 875,000 $1,325,000 Inventory Сopyrights Patented technology 79,200 505,500 658,000 Total assets 1,488,000 Current liabilities 253,000 740,000 100,000 232,000 253,000 729,800 Long-term liabilities Common stock Retained earnings Total liabilities and equities 1,325,000 On that day, Zambrano paid cash to acquire all of the assets and liabilities of Soriano, which will cease to exist as...
I got the answers wrong. Can someone help me figure out answers please? At the beginning of 2015, Barth Company reported the following balance sheet. Assets Liabilities Cash $1,200 Accounts Payable $3,000 Accounts Receivable 3,675 Equity Equipment 2,500 Common Stock 11,875 Land 12,500 Retained Earnings 5,000 Total Assets $19,875 Total Liabilities and Equity $19,875 Required a. At the end of 2015, Barth Company reported the following assets and liabilities: Cash, $2,200; Accounts Receivable, $4,600; Equipment, $2,250; Land, $12,500; and Accounts...
On January 1, 2018, Marshall Company acqulred 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall Issued $265,000 In long-term labilities and 20,000 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Marshall pald $29,500 to accountants, lawyers, and brokers for assistance In the acquisltion and another $14,500 In connection with stock Issuance costs. Prior to these transactions, the balance sheets for the...