Ryan Company had common stock of $140,000 and retained earnings of $287,000. Logan, Inc. had common...
Ryan Company had common stock of $140,000 and retained earnings of $287,000. Logan, Inc. had common stock of $280,000 and retained earnings of $375,000. On January 1, 2017, Logan issued 42,000 shares of common stock with a $1 par value and a $13 fair value for all of Ryan Company's outstanding common stock. Immediately after the combination, what were the consolidated net assets? please show solutions.
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Ryan Company had common stock of $140,000 and retained earnings
of $287,000. Logan, Inc. had common...
eztomheducation.com Chap2-SelfEvaluation Help Save & Exit 6 Crown Company had common stock of $360,000 and retained...
eztomheducation.com Chap2-SelfEvaluation Help Save & Exit 6 Crown Company had common stock of $360,000 and retained earnings of $510,000. Baker Inc. had common stock of $750,000 and retained earnings of $970,000. On January 1, 2021, Baker issued 32,000 shares of common stock with a $13 par value and a $37 fair value for all of Crown Company's outstanding common stock. This combination was accounted for using the acquisition method. Immediately after the combination what was the amount of total consolidated...
Johnson Food Co. has common stock of $120,000 and retained earnings of $140,000 at the year...
Johnson Food Co. has common stock of $120,000 and retained earnings of $140,000 at the year end. During the year, the company had 20,000 shares of stock that were outstanding. Net income was reported as $80,000. What is the company’s earnings per share?
On January 1, 2017, Frontier Corporation had $1,245,000 of common stock outstanding that was issued at...
On January 1, 2017, Frontier Corporation had $1,245,000 of common stock outstanding that was issued at par. It also had retained earnings of $745,000. The company issued 37,000 shares of common stock at par on July 1 and earned net income of $410,000 for the year. Journalize the declaration of a 15% stock dividend on December 10, 2017, for the following independent assumptions. (a) Par value is $10, and market price is $19. (b) Par value is $5, and market...
Nolan Ryan Corporation issued 20,000 shares of common stock in exchange for all of Babe Ruth...
Nolan Ryan Corporation issued 20,000 shares of common stock in exchange for all of Babe Ruth Corporation's outstanding stock on September 1. Nolan Ryan's common stock had a market price of $30 per share on September 1. The market price of Babe Ruth's stock was not readily ascertainable Immediately following the purchase, the investment in Babe Ruth's stock will be stated in Nolan Ryan's parent-only balance sheet immediately after the combination in the amount of: (Do not use a dollar...
Nolan Ryan Corporation issued 20,000 shares of common stock in exchange for all of Babe Ruth...
Nolan Ryan Corporation issued 20,000 shares of common stock in exchange for all of Babe Ruth Corporation's outstanding stock on September 1. Nolan Ryan's common stock had a market price of $30 per share on September 1. The market price of Babe Ruth's stock was not readily ascertainable Immediately following the purchase, the investment in Babe Ruth's stock will be stated in Nolan Ryan's parent-only balance sheet immediately after the combination in the amount of: (Do not use a dollar...
Prior to being united in a business combination, Taunton Inc. and Eubanks Corp. had the following...
Prior to being united in a business combination, Taunton Inc. and Eubanks Corp. had the following stockholders' equity figures: Common stock ($1 par value) Additional paid-in capital Retained earnings Taunton Eubanks $240,000 $64,000 120,000 30,000 370,000 14,000 Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020. Immediately afterwards, what is the reported amount of the consolidated Common Stock?...
P11-3A On December 31, 2016, Jons Company had 1,300,000 shares of $5 par common Prepare a stockhol stock issued and outstanding. At December 31,2016, stockholders' equity had the amounts secr...
P11-3A On December 31, 2016, Jons Company had 1,300,000 shares of $5 par common Prepare a stockhol stock issued and outstanding. At December 31,2016, stockholders' equity had the amounts secrion listed here. (10 2,3,4AP Common Stock Additional Paid-in Capital Retained Earnings $6,500,000 1,800,000 1,200,000 Transactions during 2017 and other information related to stockholders' equity accounts were as follows. 1. On January 10, 2017, issued at S107 per share l 20,000 shares of si 00 par value,% cumulative preferred stock. 2....
Price Company issued 8,220 shares of its $20 par value common stock for the net assets...
Price Company issued 8,220 shares of its $20 par value common
stock for the net assets of Sims Company in a business combination
under which Sims Company will be merged into Price Company.
Although the questions are correct, my question is how do I solve
part "B"?
Exercise 2-7 Price Company issued 8,220 shares of its $20 par value common stock for the net assets of Sims Company in a business combination under which Sims Company will be merged into...
Problem 11-6A On January 1, 2017, Shamrock, Inc. had these stockholders' equity balances Common Stock, $1...
Problem 11-6A On January 1, 2017, Shamrock, Inc. had these stockholders' equity balances Common Stock, $1 par (3,000,000 shares authorized, 600,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $600,000 1,600,000 697,000 57,000 During 2017, the following transactions and events occurred 1. Issued 54,000 shares of $1 par value common stock for $4 per share. 2. Issued 63,500 shares of common stock for cash at $3 per share. 3. Purchased 22,800...
Junkyard Arts, Inc., had earnings of $298,400 for the year. The company had 42,000 shares of...
Junkyard Arts, Inc., had earnings of $298,400 for the year. The company had 42,000 shares of common stock outstanding during the year and issued 1,700 shares of $150 par value preferred stock. The preferred stock has a dividend of $10 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places.
eztomheducation.com Chap2-SelfEvaluation Help Save & Exit 6 Crown Company had common stock of $360,000 and retained earnings of $510,000. Baker Inc. had common stock of $750,000 and retained earnings of $970,000. On January 1, 2021, Baker issued 32,000 shares of common stock with a $13 par value and a $37 fair value for all of Crown Company's outstanding common stock. This combination was accounted for using the acquisition method. Immediately after the combination what was the amount of total consolidated...
Nolan Ryan Corporation issued 20,000 shares of common stock in exchange for all of Babe Ruth Corporation's outstanding stock on September 1. Nolan Ryan's common stock had a market price of $30 per share on September 1. The market price of Babe Ruth's stock was not readily ascertainable Immediately following the purchase, the investment in Babe Ruth's stock will be stated in Nolan Ryan's parent-only balance sheet immediately after the combination in the amount of: (Do not use a dollar...
Nolan Ryan Corporation issued 20,000 shares of common stock in exchange for all of Babe Ruth Corporation's outstanding stock on September 1. Nolan Ryan's common stock had a market price of $30 per share on September 1. The market price of Babe Ruth's stock was not readily ascertainable Immediately following the purchase, the investment in Babe Ruth's stock will be stated in Nolan Ryan's parent-only balance sheet immediately after the combination in the amount of: (Do not use a dollar...
Prior to being united in a business combination, Taunton Inc. and Eubanks Corp. had the following stockholders' equity figures: Common stock ($1 par value) Additional paid-in capital Retained earnings Taunton Eubanks $240,000 $64,000 120,000 30,000 370,000 14,000 Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020. Immediately afterwards, what is the reported amount of the consolidated Common Stock?...
P11-3A On December 31, 2016, Jons Company had 1,300,000 shares of $5 par common Prepare a stockhol stock issued and outstanding. At December 31,2016, stockholders' equity had the amounts secrion listed here. (10 2,3,4AP Common Stock Additional Paid-in Capital Retained Earnings $6,500,000 1,800,000 1,200,000 Transactions during 2017 and other information related to stockholders' equity accounts were as follows. 1. On January 10, 2017, issued at S107 per share l 20,000 shares of si 00 par value,% cumulative preferred stock. 2....
Price Company issued 8,220 shares of its $20 par value common
stock for the net assets of Sims Company in a business combination
under which Sims Company will be merged into Price Company.
Although the questions are correct, my question is how do I solve
part "B"?
Exercise 2-7 Price Company issued 8,220 shares of its $20 par value common stock for the net assets of Sims Company in a business combination under which Sims Company will be merged into...
Problem 11-6A On January 1, 2017, Shamrock, Inc. had these stockholders' equity balances Common Stock, $1 par (3,000,000 shares authorized, 600,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $600,000 1,600,000 697,000 57,000 During 2017, the following transactions and events occurred 1. Issued 54,000 shares of $1 par value common stock for $4 per share. 2. Issued 63,500 shares of common stock for cash at $3 per share. 3. Purchased 22,800...
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