Homework Answers
9)
The correct answer is ( c )- Merger.
Consolidation – is when two or more companies join together to form a new entity.
White Night- when one company cannot defend itself against the hostile acquirer, it will seek another firm to acquire it.
Merger- one company is acquired by another. The acquiring company retains name and acquired firm ceases to exist.
Bargain Purchase- A bargain purchase refers to a transaction where the acquirer of an enterprise gets a good bargain far lower than the fair market value of the enterprise
10)
The correct answer is ( c )- to present the results of operations, cash flow, and the balance sheet of both the parent and its subsidiaries as if they were a single company.
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9. If two companies, The Mary Company and The Lamb Company, engage in a business combination...
Question: 1. An economic advantage of a business combination includes Acquiring duplicative assets Creating redundant management...
Question: 1. An economic advantage of a business combination includes Acquiring duplicative assets Creating redundant management teams Coordinating marketing campaigns Duplicating integrative marketing chains QUESTION 2 The consolidation process is performed each year since the entries are recorded in the journal and ledger only by the parent company each year since the entries are recorded in the journal and ledger only by the subsidiary company each year since the entries are recorded in the journal and ledger by both the...
BACC 460 Assignment 2 (LO2) Before this two companies entered into a business combination, their balance...
BACC 460 Assignment 2 (LO2) Before this two companies entered into a business combination, their balance Sheets were as follows Alto Corporation Bajo Company Book Value Fair Value Book Value Fair Value Item Assets Cash & Receivables Inventory Buildings & Equipment Less: Accumulated Depreciation Total Assets $ 153,000 $ 153,000 $ 95,000 $ 95,000 301,000 397,000 83,000 103,000 601,000 439,000 262,000 207,000 (240,000) (70,000) $ 815,000 $ 989,000 $ 370,000 $ 63,000 $ 63,000 $ 193,000 208,000 33,000 $ 33,000...
BACC 460 Assignment 2 (LO2) Before this two companies entered into a business combination, their balance...
BACC 460 Assignment 2 (LO2) Before this two companies entered into a business combination, their balance Sheets were as follows Alto Corporation Bajo Company Book Value Fair Value Book Value Fair Value Item Assets Cash & Receivables Inventory Buildings & Equipment Less: Accumulated Depreciation Total Assets $ 153,000 $ 153,000 $ 95,000 $ 95,000 301,000 397,000 83,000 103,000 601,000 439,000 262,000 207,000 (240,000) (70,000) $ 815,000 $ 989,000 $ 370,000 $ 63,000 $ 63,000 $ 193,000 208,000 33,000 $ 30,000...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019. Miller paid...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019. Miller paid $872,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $218,000 both before and after Miller's acquisition. On January 1, 2019, Taylor reported a book value of $490,000 (Common Stock = $245,000; Additional Paid-In Capital = $73,500; Retained Earnings = $171,500). Several of Taylor's buildings...
QUESTION 25 Occasionally, companies engage in important investing and financing activities which do not affect cash....
QUESTION 25 Occasionally, companies engage in important investing and financing activities which do not affect cash. If the amount of the transaction is significant, how should it be disclosed when financial statements are prepared? 1. In investing activities. 2. In a note to the financial statements or in a supplemental schedule. 3. In both investing and financing activities. 4. In a separate section in the cash flow statement with a corresponding nero balance QUESTION 26 When determining the amount of...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $784,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $196,000 both before and after Miller's acquisition. On January 1, 2016, Taylor reported a book value of $768,000 (Common Stock = $384,000; Additional Paid-In Capital = $115,200; Retained Earnings = $268,800). Several of Taylor's buildings...
Miller Company acquired an 80 percent Interest In Taylor Company on January 1, 2019. Miller pald...
Miller Company acquired an 80 percent Interest In Taylor Company on January 1, 2019. Miller pald $728,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $182,000 both before and after Miller's acquisition On January 1, 2019, Taylor reported a book value of $474.000 (Common Stock = $237,000; Additional Pald-in Capital = $71,100; Retained Earnings = $165.900). Several of Taylor's bulidings...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $800,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $200,000 both before and after Miller’s acquisition. On January 1, 2016, Taylor reported a book value of $674,000 (Common Stock = $337,000; Additional Paid-In Capital = $101,100; Retained Earnings = $235,900). Several of Taylor’s buildings...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019. Miller paid $848,000 in cash to the owners of Taylor to acquire these shares.
In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $212,000 both before and after Miller’s acquisition. On January 1, 2019, Taylor reported a book value of $492,000 (Common Stock = $246,000; Additional Paid-In Capital = $73,800; Retained Earnings = $172,200). Several of Taylor’s buildings that had a remaining life of 20 years were undervalued by a total of $65,600. During the next three years, Taylor reports income and declares dividends as follows: YearNet IncomeDividends2019$57,700$8,400202075,60012,700202184,60017,000 Determine the...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $720,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $180,000 both before and after Miller's acquisition. On January 1, 2016, Taylor reported a book value of $774,000 (Common Stock-$387,000; Additional Paid-in Capital $116,100; Retained Earnings $270,900). Several of Taylor's buildings that had a remaining...
BACC 460 Assignment 2 (LO2) Before this two companies entered into a business combination, their balance Sheets were as follows Alto Corporation Bajo Company Book Value Fair Value Book Value Fair Value Item Assets Cash & Receivables Inventory Buildings & Equipment Less: Accumulated Depreciation Total Assets $ 153,000 $ 153,000 $ 95,000 $ 95,000 301,000 397,000 83,000 103,000 601,000 439,000 262,000 207,000 (240,000) (70,000) $ 815,000 $ 989,000 $ 370,000 $ 63,000 $ 63,000 $ 193,000 208,000 33,000 $ 33,000...
BACC 460 Assignment 2 (LO2) Before this two companies entered into a business combination, their balance Sheets were as follows Alto Corporation Bajo Company Book Value Fair Value Book Value Fair Value Item Assets Cash & Receivables Inventory Buildings & Equipment Less: Accumulated Depreciation Total Assets $ 153,000 $ 153,000 $ 95,000 $ 95,000 301,000 397,000 83,000 103,000 601,000 439,000 262,000 207,000 (240,000) (70,000) $ 815,000 $ 989,000 $ 370,000 $ 63,000 $ 63,000 $ 193,000 208,000 33,000 $ 30,000...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019. Miller paid $872,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $218,000 both before and after Miller's acquisition. On January 1, 2019, Taylor reported a book value of $490,000 (Common Stock = $245,000; Additional Paid-In Capital = $73,500; Retained Earnings = $171,500). Several of Taylor's buildings...
QUESTION 25 Occasionally, companies engage in important investing and financing activities which do not affect cash. If the amount of the transaction is significant, how should it be disclosed when financial statements are prepared? 1. In investing activities. 2. In a note to the financial statements or in a supplemental schedule. 3. In both investing and financing activities. 4. In a separate section in the cash flow statement with a corresponding nero balance QUESTION 26 When determining the amount of...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $784,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $196,000 both before and after Miller's acquisition. On January 1, 2016, Taylor reported a book value of $768,000 (Common Stock = $384,000; Additional Paid-In Capital = $115,200; Retained Earnings = $268,800). Several of Taylor's buildings...
Miller Company acquired an 80 percent Interest In Taylor Company on January 1, 2019. Miller pald $728,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $182,000 both before and after Miller's acquisition On January 1, 2019, Taylor reported a book value of $474.000 (Common Stock = $237,000; Additional Pald-in Capital = $71,100; Retained Earnings = $165.900). Several of Taylor's bulidings...
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $720,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $180,000 both before and after Miller's acquisition. On January 1, 2016, Taylor reported a book value of $774,000 (Common Stock-$387,000; Additional Paid-in Capital $116,100; Retained Earnings $270,900). Several of Taylor's buildings that had a remaining...
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