Answer:
Date Account Titles and Explanation Debit Credit
Land $84,000
Common stock $12,000
Paid in capital in excess of par value $72,000
Workings:
Amount of Common stock = Number of shares * Paid in capital per share
= 6,000 shares * $2
= $12,000
Amount of excess of paid in capital = Market value of land - Amount of common stock
= $84,000 - $12,000
= $72,000
Answer:
C. $17.25 million
Explanation:
In case of an acquisition, the assets are valued at their fair value and we will also include all unrecorded liabilities. Goodwill will be the excess payment over the net assets of the company. Excess fair value of land means that assets would increase by that amount to arrive at their fair value. Also, We have to include unrecorded liabilities in the total liabilities
Net Assets = Fair value of assets - Total liabilities
Or, Net Assets = (Book value of assets + Excess Fair value of land) - (Book value of liabilities + unrecorded liabilities)
Or, Net Assets = ($261 million + $3 million) - ($172.50 million + $6.75 million) = $84.75 million
Amount paid to acquire = $102 million
Goodwill = $102 million - $84.75 million = $17.25 million
Answer:
correct option is a. $36,000
Explanation:
given data
labor cost = $360,000
move material per year = 600,000 pounds
to find out
material handling cost
solution
we find here first Labor Cost per pound of material that is express as
Labor Cost per pound of material = Labor Cost ÷ Number of Pounds of material .......................1
Labor Cost per pound of material = 
Labor Cost per pound of material = $ .6 per pound of material
=360000/600000= $0.6 per pound of material
so we can say that 60000 pounds are moved in March so cost will be
60000 pounds are move cost = 60000 × $0.6
60000 pounds are move cost = $36000
so correct option is a. $36,000
<span>B.financially protect against unexpected accidents definitely the answer.</span>
