Which of the following situations best describes a business combination to be accounted for as a...
Homework Answers
Answer :d) One company transfers assets to another company it has created.
Only one of the combining company survives and the other loses its seperate identity.
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Which of the following situations best describes a business
combination to be accounted for as a...
which of the following best describes the accounting for goodwill acquired in business acquisition? a. Goodwill...
which of the following best describes the accounting for goodwill acquired in business acquisition? a. Goodwill can be recorded by a company when it can demonstrate that the company has generated excess market value directly attributable to its strong reputation b. Goodwill is recorded as an asset when the purchaser of a business believes that the purchased business has a good reputation among its customers c. Goodwill is recorded as an asset when the purchaser of a business pays less...
On January 1, NewTune Company exchanges 16,888 shares of its common stock for all of the...
On January 1, NewTune Company exchanges 16,888 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune's shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go's fair value. NewTune also paid $38,600 in stock registration and issuance costs in connection with the merger. Several of On-the-Go's accounts' fair values differ from their book values on this...
On January 1, NewTune Company exchanges 16,921 shares of its common stock for all of the...
On January 1, NewTune Company exchanges 16,921 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune’s shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go’s fair value. NewTune also paid $28,900 in stock registration and issuance costs in connection with the merger. Several of On-the-Go’s accounts’ fair values differ from their book values on this...
Which of the following is the best definition of a tender offer? Question 5 options: A...
Which of the following is the best definition of a tender offer? Question 5 options: A merger in which a new firm is created and both the acquired and acquiring firm cease to exist. A public offer by one firm to directly buy the shares from another firm. Corporate takeover bid communicated to the shareholders by direct mail. Corporate takeover bid communicated to the shareholders through a stock exchange. The complete absorption of one company by another, where the acquiring...
Which of the following is the best definition of a stock exchange bid? Question 7 options:...
Which of the following is the best definition of a stock exchange bid? Question 7 options: A merger in which a new firm is created and both the acquired and acquiring firm cease to exist. A public offer by one firm to directly buy the shares from another firm. Corporate takeover bid communicated to shareholders by direct mail. Corporate takeover bid communicated to the shareholders through a stock exchange. The complete absorption of one company by another, where the acquiring...
Calculator Which of the following best describes one effect of recognizing expenses incurred by a business...
Calculator Which of the following best describes one effect of recognizing expenses incurred by a business entity? Oa. Contributed capital will increase. Ob. Retained earnings will decrease. Oc. Assets will increase. Od. Liabilities will decrease.
On January 1, NewTune Company exchanges 17,907 shares of its common stock for all of the...
On January 1, NewTune Company exchanges 17,907 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune’s shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go’s fair value. NewTune also paid $35,800 in stock registration and issuance costs in connection with the merger. Several of On-the-Go’s accounts’ fair values differ from their book values on this...
On January 1, NewTune Company exchanges 17,360 shares of its common stock for all of the...
On January 1, NewTune Company exchanges 17,360 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune’s shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go’s fair value. NewTune also paid $44,650 in stock registration and issuance costs in connection with the merger. Several of On-the-Go’s accounts’ fair values differ from their book values on this...
On January 1, NewTune Company exchanges 17,543 shares of its common stock for all of the...
On January 1, NewTune Company exchanges 17,543 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune’s shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go’s fair value. NewTune also paid $33,400 in stock registration and issuance costs in connection with the merger. Several of On-the-Go’s accounts’ fair values differ from their book values on this...
Explain which method shows the strongest liquidity and solveñcl pau whlet mehod best reflects the true...
Explain which method shows the strongest liquidity and solveñcl pau whlet mehod best reflects the true financial condition of the company. (c) Prepare G Company's consolidated balance sheet immediately after the combination using the worksheet approach and using the acquisition method. Problem 3-4 Three companies, A, L, and M, whose December 31, Year 5, balance sheets appear below, have agreed to combine as at January 1, Year 6. Each of the companies has a very small proportion of an intensely...
On January 1, NewTune Company exchanges 16,888 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune's shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go's fair value. NewTune also paid $38,600 in stock registration and issuance costs in connection with the merger. Several of On-the-Go's accounts' fair values differ from their book values on this...
Calculator Which of the following best describes one effect of recognizing expenses incurred by a business entity? Oa. Contributed capital will increase. Ob. Retained earnings will decrease. Oc. Assets will increase. Od. Liabilities will decrease.
Explain which method shows the strongest liquidity and solveñcl pau whlet mehod best reflects the true financial condition of the company. (c) Prepare G Company's consolidated balance sheet immediately after the combination using the worksheet approach and using the acquisition method. Problem 3-4 Three companies, A, L, and M, whose December 31, Year 5, balance sheets appear below, have agreed to combine as at January 1, Year 6. Each of the companies has a very small proportion of an intensely...
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