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sweet-ann [11.9K]
3 years ago
13

MacHeath Inc. bought 60% of the outstanding common stock of Nomes Inc. in an acquisition that resulted in the recognition of goo

dwill. Nomes owned a piece of land that cost $250,000 but was worth $600,000 at the date of acquisition.
What value would be attributed to this land in a consolidated balance sheet at the date of acquisition?

a) $250,000. b) $150,000. c) $600,000. d) $360,000. e) $460,000.
Business
1 answer:
kiruha [24]3 years ago
8 0

Answer:

c) $600,000.

Explanation:

$600,000.00 is the value that will be attributed to land in a consolidated balance sheet at the date of acquisition?

In the acquisition process,  assets and liabilities of the business being bought get evaluated to ascertain their true worth.  Assets such as land, buildings, and machinery undergo valuation. Their market value or fair value is recorded in the books of the acquiring entity as the actual value of the asset at the time of acquisition.

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kirill115 [55]

Answer:

c. an estimate of a plant asset's value at the end of its useful life

Explanation:

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The treatment of the residual value under the straight-line method or any other method is shown below:

The depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ estimated life in years

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Internal failure costs are costs incurred​ ________. A. after the company delivers poorminusquality goods or services to custome
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Answer:

c. when the company corrects poorminusquality goods or services before delivery to customers.

Explanation:

Internal failure costs are costs incurred when the company corrects <u>poorminusquality goods or services before delivery to customers.</u>

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2 years ago
Kimbeth Manufacturing uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The foll
larisa86 [58]

Answer:

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Explanation:

22400 beginning  60% materials 20% conversion

140,000 started

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140,000       140,000

33,600 * .1    (3,360)

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DM Cost per Equivalent unit: 4.25

7 0
3 years ago
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ratelena [41]

Answer:

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8 0
2 years ago
What promoted you to select Dollar Tree as a potential employer?
gulaghasi [49]
That is more of a personal question but the main reasons that people pick a certain job is because of the wages, location, position, and/or the difficulty.
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