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pickupchik [31]
3 years ago
8

Ginormous Oil entered into an agreement to purchase all of the outstanding shares of Slick Company for $60 per share. The number

of outstanding shares at the time of the announcement was 82 million. The book value of liabilities on the balance sheet of Slick Co. was $1.46 billion. What was the cost of this acquisition to the shareholders of Ginormous Oil?A. $1.46 billionB. $3.46 billionC. $4.92 billionD. $6.38 billionE. $8.38 billionF. None of the above.
Business
1 answer:
irga5000 [103]3 years ago
5 0

Answer:

C. $4.92 billion

Explanation:

Acquisition cost refers to the cost a company pays for assets such as shares or fixed assets like machinery. In this case, the company paid $60 * 82 million, being $4.92 Billion.

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Which work value is most likely to be important in a person's career choice?
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Small business owners usually invest little money into new marketing strategies because
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Prepare a statement of cash flows
notsponge [240]

Answer:

Required 1

1. operating activities (OA) and investing activities (IA)

2. financing activities (FA)

3. financing activities (FA), operating activities (OA) and investing activities (IA)

4. financing activities (FA)

5. operating activities (OA)

6. financing activities (FA)

Required 2

<u>All-Star Automotive Company</u>

<u>Statement of cash flows for the year ended 2013</u>

Cash Flow from Operating Activities

Service Revenue                                                $25,000

Salary Expense Paid                                         - $14,000

Utilities Expenses                                               - $2,800

Net Cash from Operating Activities                    $8,200

Cash Flow from Investing Activities

Land Purchase                                                   - $6,000

Proceeds from Sale of Land                               $9,000

Net Cash from Investing Activities                      $3,000

Cash Flow from Financing Activities

Issue of Common Stock                                    $50,000

Loan Payable Acquired                                       $5,000

Repayment of Loan                                           - $2,000

Dividends Paid                                                   - $5,000

Net Cash from Financing  Activities                 $48,000

Movement during the year                                $59,200

Cash and Cash Equivalents at the Beginning    $9,000

Cash and Cash Equivalents at the End            $68,200

Explanation:

Cash Flow from Operating Activities

This section shows the cash derived from daily operating activities of the business .

Cash Flow from Investing Activities

This section shows the cash derived from acquisition or sale of tangible and intangible assets of a long term.

Cash Flow from Financing Activities

This section shows the cash derived from the sources of finance and the repayments thereoff.

5 0
3 years ago
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